TIAA CREF Investment Management LLC reduced its position in shares of Triumph Bancorp, Inc. (NASDAQ:TBK) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,229 shares of the financial services provider’s stock after selling 2,856 shares during the quarter. TIAA CREF Investment Management LLC owned 0.40% of Triumph Bancorp worth $1,749,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Kennedy Capital Management Inc. purchased a new position in Triumph Bancorp in the 2nd quarter valued at about $3,102,000. LSV Asset Management purchased a new position in Triumph Bancorp in the 2nd quarter valued at about $2,267,000. Dimensional Fund Advisors LP lifted its stake in Triumph Bancorp by 220.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 112,959 shares of the financial services provider’s stock valued at $2,914,000 after buying an additional 77,761 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Triumph Bancorp by 44.0% in the 1st quarter. Renaissance Technologies LLC now owns 151,812 shares of the financial services provider’s stock valued at $3,917,000 after buying an additional 46,412 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Triumph Bancorp by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 649,763 shares of the financial services provider’s stock valued at $16,764,000 after buying an additional 32,511 shares in the last quarter. 46.00% of the stock is currently owned by institutional investors and hedge funds.
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In other Triumph Bancorp news, Director Charles A. Anderson acquired 2,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $27.66 per share, for a total transaction of $55,320.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 3,000 shares of company stock valued at $86,560. Company insiders own 12.35% of the company’s stock.
Shares of Triumph Bancorp, Inc. (NASDAQ TBK) opened at $30.75 on Friday. The firm has a market cap of $639.20, a P/E ratio of 23.08, a PEG ratio of 1.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01.
Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. research analysts expect that Triumph Bancorp, Inc. will post 1.47 earnings per share for the current year.
TBK has been the topic of a number of research reports. Zacks Investment Research lowered shares of Triumph Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Wells Fargo & Company set a $35.00 price target on shares of Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, October 20th. Piper Jaffray Companies lowered shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Friday, October 6th. BidaskClub raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Triumph Bancorp presently has a consensus rating of “Buy” and an average target price of $34.14.
Triumph Bancorp Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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