Triumph Bancorp (TBK) Cut to Sell at BidaskClub
BidaskClub downgraded shares of Triumph Bancorp (NASDAQ:TBK) from a hold rating to a sell rating in a research note published on Tuesday morning.
Several other brokerages have also commented on TBK. Piper Jaffray Companies lowered shares of Triumph Bancorp from an overweight rating to a neutral rating and set a $34.00 price target for the company. in a research report on Friday, October 6th. FBR & Co reaffirmed a hold rating and set a $32.00 price target on shares of Triumph Bancorp in a research report on Monday, October 23rd. Zacks Investment Research lowered shares of Triumph Bancorp from a buy rating to a hold rating in a research report on Wednesday, October 25th. Wells Fargo & Company set a $35.00 price objective on shares of Triumph Bancorp and gave the stock a buy rating in a research report on Friday, October 20th. Finally, DA Davidson reissued a buy rating and issued a $36.00 price objective on shares of Triumph Bancorp in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Triumph Bancorp presently has an average rating of Hold and a consensus price target of $34.71.
Shares of Triumph Bancorp (TBK) traded up $1.25 during mid-day trading on Tuesday, reaching $32.80. 575,192 shares of the company traded hands, compared to its average volume of 114,883. Triumph Bancorp has a 1 year low of $20.50 and a 1 year high of $35.45. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $656.90, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82.
In other Triumph Bancorp news, Director Maribess L. Miller acquired 5,504 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 6,504 shares of company stock valued at $195,094 in the last three months. Company insiders own 12.35% of the company’s stock.
Several hedge funds have recently made changes to their positions in TBK. Bank of America Corp DE boosted its stake in shares of Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 641 shares during the period. Citigroup Inc. boosted its stake in Triumph Bancorp by 312.0% during the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 3,953 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Triumph Bancorp during the 3rd quarter valued at $210,000. Principal Financial Group Inc. bought a new position in Triumph Bancorp during the 2nd quarter valued at $218,000. Finally, California Public Employees Retirement System bought a new position in Triumph Bancorp during the 1st quarter valued at $219,000. Institutional investors and hedge funds own 61.32% of the company’s stock.
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Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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