BNP Paribas Arbitrage SA lessened its stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 57.0% during the first quarter, HoldingsChannel.com reports. The fund owned 4,222 shares of the financial services provider’s stock after selling 5,595 shares during the period. BNP Paribas Arbitrage SA’s holdings in Triumph Bancorp were worth $174,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of TBK. Schwab Charles Investment Management Inc. increased its stake in shares of Triumph Bancorp by 4.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 76,198 shares of the financial services provider’s stock valued at $2,401,000 after acquiring an additional 3,432 shares during the period. Swiss National Bank acquired a new position in Triumph Bancorp in the fourth quarter worth approximately $942,000. Wells Fargo & Company MN grew its position in Triumph Bancorp by 48.5% in the fourth quarter. Wells Fargo & Company MN now owns 29,873 shares of the financial services provider’s stock worth $941,000 after buying an additional 9,751 shares during the last quarter. Bank of New York Mellon Corp grew its position in Triumph Bancorp by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 94,746 shares of the financial services provider’s stock worth $2,984,000 after buying an additional 7,499 shares during the last quarter. Finally, BlackRock Inc. grew its position in Triumph Bancorp by 14.4% in the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock worth $33,060,000 after buying an additional 132,407 shares during the last quarter. Institutional investors and hedge funds own 49.19% of the company’s stock.
In other news, Director Michael P. Rafferty acquired 750 shares of the stock in a transaction on Monday, May 14th. The shares were purchased at an average cost of $39.70 per share, for a total transaction of $29,775.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron P. Graft sold 135,000 shares of Triumph Bancorp stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $39.50, for a total transaction of $5,332,500.00. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.
NASDAQ TBK opened at $42.00 on Friday. Triumph Bancorp Inc has a twelve month low of $24.40 and a twelve month high of $44.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.56 and a beta of 0.94.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.06). Triumph Bancorp had a return on equity of 11.67% and a net margin of 17.71%. The firm had revenue of $52.30 million for the quarter, compared to analysts’ expectations of $52.34 million. equities analysts expect that Triumph Bancorp Inc will post 2.41 earnings per share for the current year.
TBK has been the topic of several recent research reports. Piper Jaffray Companies restated a “buy” rating and issued a $49.00 price target on shares of Triumph Bancorp in a research report on Thursday, March 15th. Wells Fargo & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price target on the stock. in a research report on Thursday, April 5th. BidaskClub upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. ValuEngine lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Finally, Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Triumph Bancorp currently has an average rating of “Buy” and an average price target of $40.78.
Triumph Bancorp Company Profile
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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