Triumph Bancorp (TBK) Hits New 52-Week Low at $31.17

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Shares of Triumph Bancorp Inc (NASDAQ:TBK) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $31.17 and last traded at $31.24, with a volume of 9871 shares changing hands. The stock had previously closed at $32.43.

TBK has been the topic of several recent analyst reports. Wells Fargo & Co set a $42.00 target price on shares of Triumph Bancorp and gave the company a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. DA Davidson boosted their target price on shares of Triumph Bancorp from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, September 19th. Finally, Stephens restated a “buy” rating and set a $45.00 price target on shares of Triumph Bancorp in a report on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.00.

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm has a market cap of $865.92 million, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Triumph Bancorp had a net margin of 15.39% and a return on equity of 10.07%. The business had revenue of $67.80 million for the quarter, compared to analysts’ expectations of $67.43 million. During the same period in the previous year, the company posted $0.47 EPS. Triumph Bancorp’s revenue was up 55.1% on a year-over-year basis. Sell-side analysts forecast that Triumph Bancorp Inc will post 2.23 EPS for the current year.

In related news, CEO Aaron P. Graft sold 10,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.84, for a total value of $378,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Loren Davis acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average price of $35.31 per share, with a total value of $52,965.00. The disclosure for this purchase can be found here. Insiders own 9.40% of the company’s stock.

A number of large investors have recently modified their holdings of TBK. Piedmont Investment Advisors Inc. boosted its holdings in Triumph Bancorp by 1,234.8% in the third quarter. Piedmont Investment Advisors Inc. now owns 5,566 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 5,149 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Triumph Bancorp during the third quarter valued at about $220,000. LPL Financial LLC boosted its holdings in Triumph Bancorp by 27.6% during the third quarter. LPL Financial LLC now owns 6,416 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,387 shares during the period. Citadel Advisors LLC bought a new stake in Triumph Bancorp during the second quarter valued at about $270,000. Finally, State of Alaska Department of Revenue bought a new stake in Triumph Bancorp during the third quarter valued at about $289,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.

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About Triumph Bancorp (NASDAQ:TBK)

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.

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