Millennium Management LLC Increases Position in Triumph Bancorp (TBK)

Millennium Management LLC lifted its position in Triumph Bancorp (NASDAQ:TBK) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,893 shares of the financial services provider’s stock after purchasing an additional 8,051 shares during the period. Millennium Management LLC owned 1.29% of Triumph Bancorp worth $8,439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Forest Hill Capital LLC lifted its holdings in Triumph Bancorp by 40.5% during the fourth quarter. Forest Hill Capital LLC now owns 170,332 shares of the financial services provider’s stock worth $5,365,000 after buying an additional 49,139 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Triumph Bancorp by 1.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock worth $2,256,000 after buying an additional 1,360 shares during the period. Teachers Advisors LLC lifted its holdings in Triumph Bancorp by 5.3% during the fourth quarter. Teachers Advisors LLC now owns 63,187 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 3,155 shares during the period. Two Sigma Advisers LP lifted its holdings in Triumph Bancorp by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 57,714 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 2,500 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Triumph Bancorp by 14.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 16,090 shares of the financial services provider’s stock worth $507,000 after buying an additional 2,036 shares during the period. Hedge funds and other institutional investors own 62.97% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Saturday, January 13th. ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. BidaskClub upgraded Triumph Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. Piper Jaffray upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 target price on shares of Triumph Bancorp in a report on Thursday, December 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.56.

Shares of TBK stock opened at $39.05 on Thursday. The firm has a market cap of $818.46, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. Triumph Bancorp has a 12-month low of $20.50 and a 12-month high of $44.05.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. analysts predict that Triumph Bancorp will post 2.69 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/12/millennium-management-llc-increases-position-in-triumph-bancorp-tbk.html.

Triumph Bancorp Company 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.

Want to see what other hedge funds are holding TBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Bancorp (NASDAQ:TBK).

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

Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply