Triumph Bancorp (NASDAQ:TBK – Get 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.
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.
- Get a free copy of the StockNews.com research report on Triumph Bancorp (TBK)
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