Shares of Triumph Bancorp Inc. (NASDAQ:TBK) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus price target of $21.00 for the company and are expecting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triumph Bancorp an industry rank of 151 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 2nd.
Triumph Bancorp (NASDAQ:TBK) opened at 19.86 on Friday. Triumph Bancorp has a 52 week low of $12.63 and a 52 week high of $20.25. The company has a market cap of $359.61 million, a PE ratio of 18.53 and a beta of 0.50. The company has a 50-day moving average of $19.40 and a 200-day moving average of $17.25.
Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Triumph Bancorp had a return on equity of 6.52% and a net margin of 15.82%. On average, equities analysts expect that Triumph Bancorp will post $1.22 EPS for the current year.
In other news, Director Michael P. Rafferty purchased 1,593 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average price of $17.15 per share, for a total transaction of $27,319.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.84% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in TBK. BlackRock Fund Advisors raised its position in shares of Triumph Bancorp by 4.7% in the second quarter. BlackRock Fund Advisors now owns 401,294 shares of the company’s stock valued at $6,421,000 after buying an additional 18,025 shares in the last quarter. BlackRock Investment Management LLC raised its position in shares of Triumph Bancorp by 8.9% in the second quarter. BlackRock Investment Management LLC now owns 64,148 shares of the company’s stock valued at $1,026,000 after buying an additional 5,220 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Triumph Bancorp by 3.7% in the second quarter. Vanguard Group Inc. now owns 514,072 shares of the company’s stock valued at $8,225,000 after buying an additional 18,535 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Triumph Bancorp by 4.8% in the second quarter. Brown Advisory Inc. now owns 458,497 shares of the company’s stock valued at $7,335,000 after buying an additional 21,008 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Triumph Bancorp by 0.6% in the second quarter. First Trust Advisors LP now owns 25,831 shares of the company’s stock valued at $413,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 39.53% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.
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