Triumph Bancorp (TBK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Triumph Bancorp (NASDAQ:TBK)‘s stock had its “buy” rating restated by stock analysts at Keefe, Bruyette & Woods in a research note issued on Thursday. They presently have a $37.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 12.80% from the company’s previous close.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Wells Fargo & Company set a $35.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research report on Friday, October 20th. DA Davidson restated a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research report on Friday, October 20th. BidaskClub cut Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, FBR & Co restated a “hold” rating and issued a $32.00 price target on shares of Triumph Bancorp in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.71.
Triumph Bancorp (NASDAQ TBK) opened at $32.80 on Thursday. Triumph Bancorp has a 1-year low of $20.50 and a 1-year high of $35.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $667.31, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.98 and a beta of 0.82.
In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $163,854.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 6,504 shares of company stock valued at $195,094 in the last quarter. 12.35% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in TBK. Susquehanna International Group LLP purchased a new position in Triumph Bancorp during the 3rd quarter valued at approximately $821,000. Public Employees Retirement System of Ohio purchased a new position in Triumph Bancorp during the 3rd quarter valued at approximately $575,000. Cubist Systematic Strategies LLC purchased a new position in Triumph Bancorp during the 3rd quarter valued at approximately $261,000. Allianz Asset Management GmbH grew its holdings in Triumph Bancorp by 21.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 44,459 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 7,866 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Triumph Bancorp by 16,312.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,084 shares of the financial services provider’s stock valued at $519,000 after buying an additional 15,986 shares in the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.
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About Triumph Bancorp
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.
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