Great West Life Assurance Co. Can lifted its position in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 12.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,004 shares of the financial services provider’s stock after buying an additional 3,532 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of Triumph Bancorp worth $903,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of TBK. Bank of New York Mellon Corp grew its holdings in Triumph Bancorp by 16.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 182,396 shares of the financial services provider’s stock valued at $7,433,000 after purchasing an additional 25,440 shares in the last quarter. Comerica Bank acquired a new position in Triumph Bancorp during the 3rd quarter worth $800,000. Wells Fargo & Company MN grew its holdings in Triumph Bancorp by 9.3% during the 3rd quarter. Wells Fargo & Company MN now owns 145,945 shares of the financial services provider’s stock worth $5,575,000 after acquiring an additional 12,450 shares in the last quarter. Prudential Financial Inc. acquired a new position in Triumph Bancorp during the 3rd quarter worth $1,523,000. Finally, Rhumbline Advisers grew its holdings in Triumph Bancorp by 142.4% during the 3rd quarter. Rhumbline Advisers now owns 53,851 shares of the financial services provider’s stock worth $2,057,000 after acquiring an additional 31,638 shares in the last quarter. 81.71% of the stock is owned by institutional investors.
TBK has been the subject of several recent analyst reports. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Finally, Stephens set a $40.00 price objective on shares of Triumph Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.60.
NASDAQ TBK opened at $30.61 on Tuesday. Triumph Bancorp Inc has a one year low of $27.47 and a one year high of $44.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $814.10 million, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). Triumph Bancorp had a net margin of 18.08% and a return on equity of 10.06%. The business had revenue of $71.68 million during the quarter, compared to analyst estimates of $74.75 million. During the same period last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Triumph Bancorp Inc will post 2.71 EPS for the current year.
About Triumph Bancorp
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
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