Triumph Bancorp (TBK) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Triumph Bancorp (NASDAQ: TBK) recently:

  • 4/11/2019 – Triumph Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas. “
  • 4/2/2019 – Triumph Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas. “
  • 4/1/2019 – Triumph Bancorp was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/26/2019 – Triumph Bancorp was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/9/2019 – Triumph Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/15/2019 – Triumph Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

NASDAQ:TBK opened at $31.18 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $814.10 million, a P/E ratio of 14.11, a P/E/G ratio of 1.12 and a beta of 1.12. Triumph Bancorp Inc has a fifty-two week low of $27.47 and a fifty-two week high of $44.70.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03). The company had revenue of $71.68 million for the quarter, compared to analysts’ expectations of $74.75 million. Triumph Bancorp had a return on equity of 10.06% and a net margin of 18.08%. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities analysts forecast that Triumph Bancorp Inc will post 2.71 EPS for the current year.

In other Triumph Bancorp news, Director Michael P. Rafferty bought 1,000 shares of Triumph Bancorp stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $30.85 per share, for a total transaction of $30,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in TBK. PNC Financial Services Group Inc. raised its holdings in shares of Triumph Bancorp by 476.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 733 shares in the last quarter. Advisor Group Inc. grew its position in shares of Triumph Bancorp by 84.0% in the 4th quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after buying an additional 419 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Triumph Bancorp by 414.0% in the 4th quarter. LS Investment Advisors LLC now owns 3,598 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,898 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Triumph Bancorp in the 4th quarter valued at $205,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Triumph Bancorp in the 4th quarter valued at $235,000. Institutional investors own 81.71% of the company’s stock.

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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