Triumph Bancorp (TBK) Upgraded by ValuEngine to “Buy”
Triumph Bancorp (NASDAQ:TBK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, January 13th. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 price objective on shares of Triumph Bancorp in a research note on Thursday, December 14th. Finally, Sandler O’Neill restated a “buy” rating and set a $41.00 price objective on shares of Triumph Bancorp in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Triumph Bancorp currently has a consensus rating of “Buy” and an average price target of $37.11.
Shares of Triumph Bancorp (NASDAQ TBK) opened at $42.25 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Bancorp has a 52 week low of $20.50 and a 52 week high of $42.40. The stock has a market cap of $864.28, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93.
Several hedge funds have recently made changes to their positions in TBK. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Triumph Bancorp during the 3rd quarter worth about $210,000. First Dallas Securities Inc. bought a new stake in shares of Triumph Bancorp during the 3rd quarter worth about $221,000. MetLife Investment Advisors LLC bought a new stake in shares of Triumph Bancorp during the 4th quarter worth about $236,000. Cubist Systematic Strategies LLC bought a new stake in shares of Triumph Bancorp during the 3rd quarter worth about $261,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Triumph Bancorp by 5.0% during the 2nd quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock worth $307,000 after buying an additional 594 shares during the period. 61.20% of the stock is owned by institutional investors and hedge funds.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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