Triumph Bancorp Inc (NASDAQ:TBK) Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its holdings in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,734 shares of the financial services provider’s stock after purchasing an additional 4,788 shares during the period. Triumph Bancorp comprises about 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 27th largest holding. Moody Aldrich Partners LLC owned approximately 0.70% of Triumph Bancorp worth $5,308,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Mason Street Advisors LLC increased its stake in Triumph Bancorp by 5.1% during the first quarter. Mason Street Advisors LLC now owns 7,889 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 381 shares during the last quarter. Advisor Group Inc. increased its stake in Triumph Bancorp by 84.0% during the fourth quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Triumph Bancorp by 47.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,308 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 421 shares during the last quarter. Bank of Montreal Can increased its stake in Triumph Bancorp by 49.3% during the first quarter. Bank of Montreal Can now owns 1,372 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 453 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Triumph Bancorp by 4.8% during the fourth quarter. Raymond James & Associates now owns 10,239 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 80.04% of the company’s stock.

Several equities analysts have recently commented on TBK shares. Zacks Investment Research upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Stephens restated a “hold” rating and set a $32.00 price target on shares of Triumph Bancorp in a research report on Friday, July 19th. Piper Jaffray Companies lowered shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating in a research report on Monday, April 22nd. B. Riley set a $33.00 price target on shares of Triumph Bancorp and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $41.60.

Triumph Bancorp stock opened at $29.36 on Wednesday. The business’s 50-day moving average price is $29.56. The company has a market capitalization of $789.31 million, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.33 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. Triumph Bancorp Inc has a one year low of $27.21 and a one year high of $44.70.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $71.04 million during the quarter, compared to analyst estimates of $70.02 million. Triumph Bancorp had a net margin of 16.79% and a return on equity of 9.36%. During the same quarter in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts expect that Triumph Bancorp Inc will post 2.26 earnings per share for the current year.

In related news, Director Michael P. Rafferty bought 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $29.25 per share, for a total transaction of $43,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Dobrient bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average price of $28.76 per share, with a total value of $28,760.00. Following the transaction, the director now directly owns 64,282 shares in the company, valued at $1,848,750.32. The disclosure for this purchase can be found here. Insiders have bought 6,000 shares of company stock valued at $169,620 in the last 90 days. Insiders own 8.54% of the company’s stock.

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

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