Triumph Bancorp, Inc. (TBK) Stake Lessened by TIAA CREF Investment Management LLC

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.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/11/04/triumph-bancorp-inc-tbk-stake-lessened-by-tiaa-cref-investment-management-llc.html.

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.

Want to see what other hedge funds are holding TBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Bancorp, Inc. (NASDAQ:TBK).

Institutional Ownership by Quarter for Triumph Bancorp (NASDAQ:TBK)

What are top analysts saying about Triumph Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Triumph Bancorp Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit