OxFORD Asset Management LLP acquired a new stake in shares of Triumph Bancorp, Inc. (NASDAQ:TBK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,459 shares of the financial services provider’s stock, valued at approximately $467,000. OxFORD Asset Management LLP owned approximately 0.07% of Triumph Bancorp as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of TBK. California Public Employees Retirement System bought a new stake in shares of Triumph Bancorp in the 1st quarter worth approximately $219,000. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $2,914,000 after purchasing an additional 77,761 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Triumph Bancorp by 17.6% in the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 641 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Triumph Bancorp by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 83,915 shares of the financial services provider’s stock worth $2,060,000 after purchasing an additional 8,118 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of Triumph Bancorp in the 2nd quarter worth approximately $784,000. 61.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Triumph Bancorp, Inc. (NASDAQ TBK) opened at $35.85 on Friday. The firm has a market cap of $746.43, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. 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, Inc. has a 12 month low of $20.50 and a 12 month high of $35.85.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. equities research analysts predict that Triumph Bancorp, Inc. will post 1.47 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. Wells Fargo & Co set a $35.00 price objective on shares of Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $37.00 price objective on shares of Triumph Bancorp in a report on Thursday, December 14th. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, DA Davidson restated a “buy” rating and issued a $36.00 price objective on shares of Triumph Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.
In related news, Director Maribess L. Miller acquired 5,504 shares of Triumph Bancorp stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $29.77 per share, for a total transaction of $163,854.08. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have acquired 6,504 shares of company stock valued at $195,094. Company insiders own 12.35% of the company’s stock.
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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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