According to Zacks, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas. “
A number of other analysts have also recently weighed in on TBK. Stephens assumed coverage on LiqTech International in a research note on Tuesday, July 9th. They issued an “overweight” rating and a $13.00 price target on the stock. Piper Jaffray Companies set a $15.00 price target on BioCryst Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, April 22nd. B. Riley set a $33.00 price target on Triumph Bancorp and gave the company a “buy” rating in a research note on Monday, April 22nd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.
Shares of NASDAQ TBK opened at $28.47 on Friday. The firm has a market capitalization of $760.29 million, a PE ratio of 12.88, a P/E/G ratio of 1.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. Triumph Bancorp has a 12-month low of $27.21 and a 12-month high of $44.70. The company has a fifty day moving average of $28.95.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Triumph Bancorp had a return on equity of 9.61% and a net margin of 17.70%. The business had revenue of $68.85 million for the quarter, compared to analysts’ expectations of $70.32 million. During the same period last year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that Triumph Bancorp will post 2.27 earnings per share for the current fiscal year.
In other news, Director Michael P. Rafferty acquired 1,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $29.25 per share, with a total value of $43,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Dobrient acquired 1,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average cost of $28.76 per share, for a total transaction of $28,760.00. Following the acquisition, the director now owns 64,282 shares of the company’s stock, valued at approximately $1,848,750.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 9,228 shares of company stock worth $270,043. 8.54% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Triumph Bancorp by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock worth $106,588,000 after buying an additional 83,458 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Triumph Bancorp during the fourth quarter worth about $2,343,000. Dimensional Fund Advisors LP grew its holdings in shares of Triumph Bancorp by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 891,542 shares of the financial services provider’s stock worth $26,479,000 after buying an additional 52,937 shares during the last quarter. Banc Funds Co. LLC grew its holdings in shares of Triumph Bancorp by 10.4% during the first quarter. Banc Funds Co. LLC now owns 403,300 shares of the financial services provider’s stock worth $11,853,000 after buying an additional 38,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Triumph Bancorp by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 274,200 shares of the financial services provider’s stock worth $8,143,000 after buying an additional 36,287 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
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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