QS Investors LLC lifted its stake in shares of Triumph Bancorp (NASDAQ:TBK) by 380.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,187 shares of the financial services provider’s stock after purchasing an additional 15,195 shares during the quarter. QS Investors LLC owned about 0.09% of Triumph Bancorp worth $604,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Driehaus Capital Management LLC grew its stake in Triumph Bancorp by 41.2% during the 4th quarter. Driehaus Capital Management LLC now owns 166,535 shares of the financial services provider’s stock valued at $5,246,000 after acquiring an additional 48,618 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Triumph Bancorp by 1.6% in the 4th quarter. Kennedy Capital Management Inc. now owns 227,404 shares of the financial services provider’s stock valued at $7,163,000 after buying an additional 3,619 shares in the last quarter. Banc Funds Co. LLC grew its stake in shares of Triumph Bancorp by 3.2% in the 4th quarter. Banc Funds Co. LLC now owns 411,100 shares of the financial services provider’s stock valued at $12,950,000 after buying an additional 12,800 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Triumph Bancorp by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 164,198 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 12,924 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in Triumph Bancorp in the 4th quarter worth approximately $2,046,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.
NASDAQ:TBK traded down $0.05 during mid-day trading on Friday, hitting $39.25. The company had a trading volume of 151,496 shares, compared to its average volume of 239,574. The firm has a market capitalization of $1,003.62, a price-to-earnings ratio of 25.00, a PEG ratio of 1.35 and a beta of 0.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $44.05.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The company had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. sell-side analysts predict that Triumph Bancorp will post 2.65 earnings per share for the current year.
Several equities research analysts recently weighed in on TBK shares. ValuEngine lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Saturday, January 13th. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. Wells Fargo lowered Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research note on Thursday, April 5th. Finally, Piper Jaffray reiterated a “hold” rating and issued a $35.00 price target on shares of Triumph Bancorp in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.78.
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Triumph Bancorp Company 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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