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.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. The company had revenue of $43.68 million for the quarter, compared to the consensus estimate of $44.66 million. equities research analysts forecast that Triumph Bancorp will post 1.47 EPS for the current year.

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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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