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.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. The firm had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. sell-side analysts anticipate that Triumph Bancorp will post 1.47 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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