Triumph Bancorp (NASDAQ:TBK) Cut to “Sell” at BidaskClub

BidaskClub lowered shares of Triumph Bancorp (NASDAQ:TBK) from a hold rating to a sell rating in a research note published on Wednesday, June 26th, BidAskClub reports.

A number of other research firms have also recently weighed in on TBK. Zacks Investment Research cut shares of Hollysys Automation Technologies from a hold rating to a sell rating in a research report on Thursday, April 11th. Piper Jaffray Companies set a $15.00 target price on shares of BioCryst Pharmaceuticals and gave the company a buy rating in a research report on Monday, April 22nd. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. B. Riley set a $33.00 target price on shares of Triumph Bancorp and gave the company a buy rating in a research report on Monday, April 22nd. Finally, Stephens reiterated a buy rating and issued a $31.00 target price on shares of Fidelity Southern in a research report on Thursday, April 18th. 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 stock. Triumph Bancorp has a consensus rating of Hold and a consensus price target of $41.20.

Shares of TBK stock traded up $2.50 during trading hours on Wednesday, hitting $29.91. The company’s stock had a trading volume of 527,460 shares, compared to its average volume of 150,997. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day simple moving average of $28.75. Triumph Bancorp has a 12-month low of $27.21 and a 12-month high of $44.70. The stock has a market cap of $740.81 million, a PE ratio of 13.53, a PEG ratio of 1.22 and a beta of 1.11.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $71.04 million during the quarter, compared to analysts’ expectations of $70.02 million. Triumph Bancorp had a net margin of 17.70% and a return on equity of 9.61%. During the same period in the previous year, the business posted $0.50 EPS. Research analysts expect that Triumph Bancorp will post 2.27 EPS for the current year.

In other news, Director Justin N. Trail acquired 3,228 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $31.11 per share, for a total transaction of $100,423.08. Following the transaction, the director now directly owns 69,406 shares in the company, valued at approximately $2,159,220.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carlos M. Sepulveda purchased 3,500 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average cost of $27.71 per share, with a total value of $96,985.00. The disclosure for this purchase can be found here. Insiders have bought 9,228 shares of company stock worth $270,043 in the last three months. Corporate insiders own 8.54% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Triumph Bancorp by 22.8% in the 4th quarter. Rhumbline Advisers now owns 66,150 shares of the financial services provider’s stock valued at $1,965,000 after purchasing an additional 12,299 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in shares of Triumph Bancorp during the 4th quarter worth about $273,000. PNC Financial Services Group Inc. raised its stake in shares of Triumph Bancorp by 476.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 733 shares in the last quarter. BlackRock Inc. raised its stake in shares of Triumph Bancorp by 2.4% during the 4th quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock worth $106,588,000 after purchasing an additional 83,458 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of Triumph Bancorp by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 15,822 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 617 shares in the last quarter. 78.59% of the stock is owned by hedge funds and other institutional investors.

Triumph Bancorp Company Profile

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.

Featured Story: Market Capitalization in the Stock Market

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.