Piper Sandler Lowers Triumph Bancorp (NASDAQ:TBK) Price Target to $87.00

Triumph Bancorp (NASDAQ:TBKGet Rating) had its price target lowered by equities research analysts at Piper Sandler from $106.00 to $87.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 17.12% from the stock’s current price.

TBK has been the topic of several other research reports. B. Riley lowered their price objective on Triumph Bancorp from $152.00 to $142.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, March 29th. Raymond James dropped their price target on shares of Triumph Bancorp from $148.00 to $132.00 and set a “strong-buy” rating on the stock in a research report on Monday, January 24th. Finally, StockNews.com began coverage on shares of Triumph Bancorp in a research report on Thursday, March 31st. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Triumph Bancorp currently has an average rating of “Hold” and a consensus price target of $107.68.

NASDAQ TBK opened at $74.28 on Friday. Triumph Bancorp has a 1 year low of $69.01 and a 1 year high of $136.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $1.87 billion, a PE ratio of 17.04 and a beta of 0.95. The company has a fifty day moving average of $90.87 and a 200 day moving average of $106.34.

Triumph Bancorp (NASDAQ:TBKGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.09). Triumph Bancorp had a net margin of 25.56% and a return on equity of 15.09%. During the same period last year, the firm posted $1.32 earnings per share. Research analysts expect that Triumph Bancorp will post 4.36 earnings per share for the current year.

In related news, Director Harrison B. Barnes acquired 1,000 shares of the firm’s stock in a transaction on Friday, February 11th. The shares were acquired at an average cost of $94.86 per share, with a total value of $94,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its position in shares of Triumph Bancorp by 11.0% in the third quarter. US Bancorp DE now owns 19,906 shares of the financial services provider’s stock valued at $1,993,000 after acquiring an additional 1,979 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Triumph Bancorp by 29.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,635,461 shares of the financial services provider’s stock valued at $163,759,000 after purchasing an additional 372,573 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Triumph Bancorp in the 4th quarter valued at $2,563,000. Teacher Retirement System of Texas boosted its stake in Triumph Bancorp by 24.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,807 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 740 shares during the last quarter. Finally, Colony Group LLC purchased a new stake in shares of Triumph Bancorp during the third quarter worth $339,000. 80.83% of the stock is owned by institutional investors and hedge funds.

About Triumph Bancorp (Get Rating)

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate.

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