Triumph Bancorp Inc (NASDAQ:TBK) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,030,000 shares, a decrease of 12.0% from the August 15th total of 1,170,000 shares. Based on an average daily trading volume, of 118,100 shares, the days-to-cover ratio is presently 8.7 days. Approximately 4.6% of the shares of the stock are sold short.

A number of research firms have commented on TBK. B. Riley restated a “hold” rating and set a $28.00 price objective on shares of Triumph Bancorp in a research note on Wednesday, July 22nd. BidaskClub raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. Wells Fargo & Company boosted their target price on shares of Triumph Bancorp from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Finally, DA Davidson raised shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $26.00 in a research note on Friday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.90.

Shares of NASDAQ TBK opened at $28.80 on Friday. The company has a market cap of $715.74 million, a price-to-earnings ratio of 18.00 and a beta of 1.28. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43. Triumph Bancorp has a 12 month low of $19.03 and a 12 month high of $43.15. The stock has a 50-day moving average price of $28.60 and a two-hundred day moving average price of $25.72.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.21. The company had revenue of $84.28 million for the quarter, compared to analyst estimates of $70.49 million. Triumph Bancorp had a net margin of 11.29% and a return on equity of 5.29%. On average, sell-side analysts predict that Triumph Bancorp will post 0.92 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of TBK. Comerica Bank increased its holdings in shares of Triumph Bancorp by 2.8% during the first quarter. Comerica Bank now owns 22,705 shares of the financial services provider’s stock worth $531,000 after buying an additional 618 shares in the last quarter. Rhumbline Advisers increased its holdings in Triumph Bancorp by 3.4% in the 1st quarter. Rhumbline Advisers now owns 79,695 shares of the financial services provider’s stock worth $2,072,000 after purchasing an additional 2,599 shares in the last quarter. State Street Corp raised its position in Triumph Bancorp by 3.1% in the first quarter. State Street Corp now owns 798,286 shares of the financial services provider’s stock valued at $20,755,000 after purchasing an additional 24,006 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Triumph Bancorp by 42.4% during the first quarter. Ensign Peak Advisors Inc now owns 9,400 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 2,800 shares in the last quarter. Finally, NFC Investments LLC grew its holdings in shares of Triumph Bancorp by 0.9% during the first quarter. NFC Investments LLC now owns 508,005 shares of the financial services provider’s stock worth $13,208,000 after purchasing an additional 4,525 shares during the last quarter. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Bancorp Company Profile

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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