Stephens cut shares of Triumph Bancorp (NASDAQ:TBK) from an overweight rating to an equal weight rating in a report issued on Tuesday morning, Benzinga reports. They currently have $30.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on TBK. Piper Jaffray Companies set a $15.00 price objective on shares of BioCryst Pharmaceuticals and gave the company a buy rating in a report on Monday, April 22nd. B. Riley set a $33.00 price objective on shares of Triumph Bancorp and gave the company a buy rating in a report on Monday, April 22nd. BidaskClub lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $41.20.

NASDAQ TBK opened at $28.41 on Tuesday. Triumph Bancorp has a 52 week low of $27.21 and a 52 week high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The business’s fifty day moving average is $28.98. The stock has a market cap of $764.04 million, a price-to-earnings ratio of 12.86, a PEG ratio of 1.25 and a beta of 1.11.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Triumph Bancorp had a return on equity of 9.61% and a net margin of 17.70%. The business had revenue of $68.85 million for the quarter, compared to analyst estimates of $70.32 million. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, equities research analysts expect that Triumph Bancorp will post 2.29 earnings per share for the current fiscal year.

In other news, Director Justin N. Trail bought 3,228 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $31.11 per share, with a total value of $100,423.08. Following the transaction, the director now directly owns 69,406 shares in the company, valued at approximately $2,159,220.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Dobrient acquired 1,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $28.76 per share, with a total value of $28,760.00. Following the completion of the transaction, the director now owns 64,282 shares of the company’s stock, valued at approximately $1,848,750.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 9,228 shares of company stock worth $270,043. 8.54% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TBK. BlackRock Inc. lifted its stake in Triumph Bancorp by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock valued at $106,588,000 after buying an additional 83,458 shares during the last quarter. Mendon Capital Advisors Corp lifted its stake in Triumph Bancorp by 4.2% in the fourth quarter. Mendon Capital Advisors Corp now owns 1,440,538 shares of the financial services provider’s stock valued at $42,784,000 after buying an additional 57,930 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Triumph Bancorp by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 891,542 shares of the financial services provider’s stock valued at $26,479,000 after buying an additional 52,937 shares during the last quarter. RMB Capital Management LLC lifted its stake in Triumph Bancorp by 1.1% in the fourth quarter. RMB Capital Management LLC now owns 571,116 shares of the financial services provider’s stock valued at $16,962,000 after buying an additional 6,258 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in Triumph Bancorp by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 557,444 shares of the financial services provider’s stock valued at $16,556,000 after buying an additional 63,756 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

About Triumph Bancorp

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.

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Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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