Dupont Capital Management Corp reduced its stake in Triumph Bancorp Inc (NASDAQ:TBK) by 36.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,010 shares of the financial services provider’s stock after selling 23,187 shares during the period. Dupont Capital Management Corp owned about 0.19% of Triumph Bancorp worth $1,260,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its stake in Triumph Bancorp by 4.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,198 shares of the financial services provider’s stock worth $2,401,000 after purchasing an additional 3,432 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Triumph Bancorp during the third quarter valued at approximately $821,000. Public Employees Retirement System of Ohio purchased a new position in shares of Triumph Bancorp during the third quarter valued at approximately $575,000. Cubist Systematic Strategies LLC purchased a new position in shares of Triumph Bancorp during the third quarter valued at approximately $261,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Triumph Bancorp by 21.5% during the third quarter. Allianz Asset Management GmbH now owns 44,459 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 7,866 shares during the period. 60.52% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on TBK shares. Sandler O’Neill restated a “buy” rating and set a $41.00 price target on shares of Triumph Bancorp in a research report on Tuesday, January 23rd. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Piper Jaffray Companies upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 23rd. B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.00 to $42.00 in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $37.11.
Triumph Bancorp Inc (TBK) traded up $0.20 during trading on Wednesday, reaching $38.65. The company’s stock had a trading volume of 167,800 shares, compared to its average volume of 129,843. 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 Inc has a twelve month low of $20.50 and a twelve month high of $39.83. The company has a market capitalization of $800.55, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04.
Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.81% and a net margin of 16.62%. The business had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million. equities analysts expect that Triumph Bancorp Inc will post 2.67 EPS for the current fiscal year.
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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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