Triumph Bancorp Inc (NASDAQ:TBK) Given Consensus Rating of “Buy” by Brokerages

Triumph Bancorp Inc (NASDAQ:TBK) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $34.50.

A number of analysts recently weighed in on TBK shares. ValuEngine lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday. Stephens restated a “hold” rating and issued a $34.00 price objective on shares of Triumph Bancorp in a research report on Thursday, October 17th. BidaskClub raised Triumph Bancorp from a “buy” rating to a “strong-buy” rating in a report on Wednesday. B. Riley increased their price objective on Triumph Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Zacks Investment Research raised Triumph Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 9th.

In other Triumph Bancorp news, CEO Aaron P. Graft sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.68, for a total value of $214,080.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Rafferty acquired 1,500 shares of Triumph Bancorp stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $48,900.00. The disclosure for this purchase can be found here. 8.54% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of TBK. Bank of New York Mellon Corp boosted its stake in Triumph Bancorp by 94.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 647,036 shares of the financial services provider’s stock worth $18,797,000 after acquiring an additional 313,783 shares during the last quarter. Morgan Stanley boosted its position in shares of Triumph Bancorp by 699.0% during the second quarter. Morgan Stanley now owns 114,294 shares of the financial services provider’s stock worth $3,321,000 after purchasing an additional 99,990 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Triumph Bancorp during the second quarter worth $2,584,000. Banc Funds Co. LLC boosted its position in shares of Triumph Bancorp by 20.2% during the second quarter. Banc Funds Co. LLC now owns 484,661 shares of the financial services provider’s stock worth $14,079,000 after purchasing an additional 81,361 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Triumph Bancorp by 2.0% in the 2nd quarter. BlackRock Inc. now owns 3,733,274 shares of the financial services provider’s stock valued at $108,453,000 after buying an additional 72,774 shares during the period. Institutional investors own 74.15% of the company’s stock.

NASDAQ:TBK traded up $0.16 during mid-day trading on Monday, reaching $38.41. 146,078 shares of the company were exchanged, compared to its average volume of 158,043. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. The stock has a market cap of $965.11 million, a PE ratio of 16.84, a PEG ratio of 1.44 and a beta of 1.14. Triumph Bancorp has a 12 month low of $27.21 and a 12 month high of $38.85. The company has a fifty day moving average of $34.75 and a 200 day moving average of $31.25.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. Triumph Bancorp had a net margin of 17.86% and a return on equity of 9.36%. The company had revenue of $72.51 million during the quarter, compared to the consensus estimate of $74.07 million. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that Triumph Bancorp will post 2.21 EPS for the current fiscal year.

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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