StockNews.com Downgrades Triumph Bancorp (NASDAQ:TBK) to Sell

Triumph Bancorp (NASDAQ:TBKGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also recently issued reports on the stock. TheStreet cut shares of Triumph Bancorp from a “b-” rating to a “c+” rating in a report on Friday, October 21st. B. Riley reduced their target price on shares of Triumph Bancorp from $142.00 to $113.00 in a research note on Monday, July 11th. Raymond James dropped their target price on Triumph Bancorp from $79.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, October 21st. Wells Fargo & Company reduced their price objective on Triumph Bancorp from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, October 21st. Finally, DA Davidson lowered their target price on shares of Triumph Bancorp to $65.00 in a report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.00.

Triumph Bancorp Price Performance

TBK stock opened at $54.75 on Tuesday. The business’s fifty day moving average price is $56.00 and its 200 day moving average price is $64.06. The company has a market capitalization of $1.34 billion, a PE ratio of 12.70 and a beta of 1.13. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.05. Triumph Bancorp has a 12-month low of $46.03 and a 12-month high of $136.01.

Triumph Bancorp (NASDAQ:TBKGet Rating) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.21). The business had revenue of $110.94 million during the quarter, compared to analysts’ expectations of $114.30 million. Triumph Bancorp had a net margin of 21.97% and a return on equity of 10.77%. On average, sell-side analysts anticipate that Triumph Bancorp will post 3.55 EPS for the current year.

Hedge Funds Weigh In On Triumph Bancorp

Several large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC bought a new stake in Triumph Bancorp during the 1st quarter worth approximately $48,000. Quantbot Technologies LP purchased a new position in shares of Triumph Bancorp in the 1st quarter valued at approximately $67,000. Captrust Financial Advisors lifted its position in Triumph Bancorp by 48.7% during the first quarter. Captrust Financial Advisors now owns 919 shares of the financial services provider’s stock valued at $86,000 after buying an additional 301 shares during the period. KBC Group NV purchased a new stake in Triumph Bancorp in the second quarter worth about $127,000. Finally, Point72 Hong Kong Ltd purchased a new position in Triumph Bancorp during the second quarter valued at $159,000. 87.42% of the stock is currently owned by institutional investors.

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.

Further Reading

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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