Thrivent Financial For Lutherans purchased a new stake in Triumph Bancorp, Inc. (NASDAQ:TBK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,820 shares of the financial services provider’s stock, valued at approximately $511,000. Thrivent Financial For Lutherans owned approximately 0.11% of Triumph Bancorp at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in Triumph Bancorp by 889.6% in the first quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock valued at $27,652,000 after buying an additional 963,465 shares in the last quarter. State Street Corp boosted its position in Triumph Bancorp by 3.2% in the fourth quarter. State Street Corp now owns 232,947 shares of the financial services provider’s stock valued at $6,091,000 after buying an additional 7,148 shares in the last quarter. Hodges Capital Management Inc. boosted its position in Triumph Bancorp by 4.7% in the first quarter. Hodges Capital Management Inc. now owns 132,450 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 5,950 shares in the last quarter. Renaissance Technologies LLC boosted its position in Triumph Bancorp by 127.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,400 shares of the financial services provider’s stock valued at $2,756,000 after buying an additional 59,100 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Triumph Bancorp by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 75,797 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 6,806 shares in the last quarter. Institutional investors and hedge funds own 51.34% of the company’s stock.
Triumph Bancorp, Inc. (TBK) opened at 28.05 on Monday. The stock has a market cap of $505.71 million, a PE ratio of 16.85 and a beta of 0.78. Triumph Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $29.25. The stock’s 50 day moving average price is $25.52 and its 200-day moving average price is $25.00.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.19. The firm had revenue of $43.76 million for the quarter, compared to the consensus estimate of $39.38 million. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. Analysts anticipate that Triumph Bancorp, Inc. will post $1.96 EPS for the current fiscal year.
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Several research firms have weighed in on TBK. FBR & Co cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price objective on the stock. in a research report on Friday, July 21st. Piper Jaffray Companies raised Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research report on Friday, July 21st. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, July 11th. Wells Fargo & Company raised Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Friday, May 26th. Finally, TheStreet raised Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.40.
About Triumph Bancorp
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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