Schwab Charles Investment Management Inc. Has $2.35 Million Stake in Triumph Bancorp Inc (TBK)

Schwab Charles Investment Management Inc. grew its stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 148.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,766 shares of the financial services provider’s stock after purchasing an additional 43,466 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.35% of Triumph Bancorp worth $2,347,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Triumph Bancorp by 60.3% during the third quarter. Wells Fargo & Company MN now owns 20,122 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 7,571 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in shares of Triumph Bancorp during the third quarter valued at approximately $3,051,000. Macquarie Group Ltd. purchased a new stake in shares of Triumph Bancorp during the third quarter valued at approximately $620,000. First Dallas Securities Inc. purchased a new stake in shares of Triumph Bancorp during the third quarter valued at approximately $221,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Triumph Bancorp during the third quarter valued at approximately $210,000. 61.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Triumph Bancorp Inc (NASDAQ TBK) opened at $34.88 on Friday. Triumph Bancorp Inc has a 52 week low of $20.50 and a 52 week high of $36.25. The company has a market capitalization of $730.81, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.38 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. The company had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. analysts expect that Triumph Bancorp Inc will post 1.47 EPS for the current fiscal year.

A number of analysts have recently weighed in on TBK shares. Keefe, Bruyette & Woods set a $38.00 price objective on Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, December 22nd. BidaskClub lowered Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and set a $35.00 price objective on shares of Triumph Bancorp in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co set a $35.00 price objective on Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, October 20th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.86.

In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average price of $29.77 per share, with a total value of $163,854.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 6,504 shares of company stock valued at $195,094 in the last ninety days. 12.35% of the stock is currently owned by insiders.

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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.

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

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