Shares of Triumph Bancorp, Inc. (NASDAQ:TBK) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $30.00.

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $33.00 price target on shares of Triumph Bancorp in a research report on Wednesday. TheStreet raised Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. FBR & Co cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target for the company. in a research report on Friday, July 21st. Piper Jaffray Companies raised Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Friday, July 21st. Finally, Wells Fargo & Company raised Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Friday, May 26th.

Shares of Triumph Bancorp (NASDAQ:TBK) opened at 27.55 on Friday. The company has a 50-day moving average price of $26.40 and a 200 day moving average price of $25.14. The firm has a market capitalization of $496.70 million, a price-to-earnings ratio of 16.55 and a beta of 0.78. Triumph Bancorp has a 12-month low of $17.52 and a 12-month high of $29.25.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. The firm had revenue of $43.76 million during the quarter, compared to analysts’ expectations of $39.38 million. Equities research analysts expect that Triumph Bancorp will post $1.94 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in TBK. Nine Chapters Capital Management LLC acquired a new stake in Triumph Bancorp during the first quarter worth about $201,000. Hodges Capital Management Inc. boosted its stake in Triumph Bancorp by 4.7% in the first quarter. Hodges Capital Management Inc. now owns 132,450 shares of the financial services provider’s stock worth $3,417,000 after buying an additional 5,950 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,326 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Triumph Bancorp by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 75,797 shares of the financial services provider’s stock worth $1,955,000 after buying an additional 6,806 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Triumph Bancorp during the first quarter worth about $492,000. 45.83% of the stock is owned by institutional investors.

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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