Triumph Bancorp (NASDAQ:TBK) had its price target increased by B. Riley from $42.00 to $46.00 in a report released on Tuesday, June 19th. They currently have a buy rating on the financial services provider’s stock. B. Riley also issued estimates for Triumph Bancorp’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.43 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $3.23 EPS.
TBK has been the subject of a number of other reports. BidaskClub upgraded Triumph Bancorp from a hold rating to a buy rating in a research report on Tuesday, June 5th. ValuEngine raised Triumph Bancorp from a hold rating to a buy rating in a report on Friday, March 2nd. Zacks Investment Research downgraded shares of Triumph Bancorp from a buy rating to a hold rating in a research note on Friday, April 13th. Piper Jaffray Companies reissued a buy rating and set a $51.00 target price on shares of Triumph Bancorp in a research note on Friday, April 13th. Finally, Wells Fargo & Co downgraded shares of Triumph Bancorp from an outperform rating to a market perform rating and set a $43.00 price target on the stock. in a research note on Thursday, April 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Triumph Bancorp has an average rating of Buy and an average price target of $40.22.
Shares of Triumph Bancorp opened at $40.75 on Tuesday, according to Marketbeat. Triumph Bancorp has a 1 year low of $24.30 and a 1 year high of $44.05. The stock has a market cap of $1.07 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.06). Triumph Bancorp had a net margin of 17.71% and a return on equity of 11.67%. The firm had revenue of $52.30 million during the quarter, compared to the consensus estimate of $52.34 million. equities research analysts anticipate that Triumph Bancorp will post 2.41 earnings per share for the current year.
In other news, Director Michael P. Rafferty purchased 750 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was bought at an average cost of $39.70 per share, for a total transaction of $29,775.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron P. Graft sold 135,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $39.50, for a total transaction of $5,332,500.00. The disclosure for this sale can be found here. 9.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Triumph Bancorp during the first quarter valued at about $100,000. C M Bidwell & Associates Ltd. acquired a new position in Triumph Bancorp in the first quarter worth about $118,000. Waratah Capital Advisors Ltd. acquired a new position in Triumph Bancorp in the first quarter worth about $216,000. California Public Employees Retirement System acquired a new position in Triumph Bancorp in the first quarter worth about $249,000. Finally, Barclays PLC raised its position in Triumph Bancorp by 132.4% in the first quarter. Barclays PLC now owns 6,459 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 3,680 shares in the last quarter. 49.19% of the stock is owned by institutional investors and hedge funds.
About Triumph Bancorp
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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