Walthausen & Co. LLC grew its holdings in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,790 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Walthausen & Co. LLC owned about 0.13% of Triumph Bancorp worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Triumph Bancorp by 476.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 733 shares in the last quarter. Advisor Group Inc. grew its stake in Triumph Bancorp by 84.0% in the 4th quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after buying an additional 419 shares during the last quarter. LS Investment Advisors LLC grew its stake in Triumph Bancorp by 414.0% in the 4th quarter. LS Investment Advisors LLC now owns 3,598 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,898 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Triumph Bancorp in the 4th quarter valued at $205,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Triumph Bancorp in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 81.71% of the company’s stock.
A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Triumph Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, Stephens set a $40.00 target price on shares of Triumph Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.20.
Shares of NASDAQ TBK traded down $1.39 during trading on Friday, reaching $29.38. The company had a trading volume of 264,005 shares, compared to its average volume of 145,869. Triumph Bancorp Inc has a 52 week low of $27.47 and a 52 week high of $44.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. The company has a market cap of $784.71 million, a PE ratio of 13.29, a P/E/G ratio of 1.08 and a beta of 1.12.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $68.85 million during the quarter, compared to analysts’ expectations of $70.32 million. Triumph Bancorp had a net margin of 17.70% and a return on equity of 9.61%. During the same quarter in the previous year, the company earned $0.52 EPS. As a group, equities research analysts forecast that Triumph Bancorp Inc will post 2.71 earnings per share for the current year.
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Triumph Bancorp Company Profile
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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