Brinker Capital Inc. boosted its stake in Triumph Bancorp Inc (NASDAQ:TBK) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,230 shares of the financial services provider’s stock after acquiring an additional 755 shares during the quarter. Brinker Capital Inc.’s holdings in Triumph Bancorp were worth $390,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Peregrine Capital Management LLC lifted its position in Triumph Bancorp by 3.4% in the 3rd quarter. Peregrine Capital Management LLC now owns 445,789 shares of the financial services provider’s stock valued at $14,216,000 after acquiring an additional 14,696 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Triumph Bancorp by 121.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,523 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 10,159 shares in the last quarter. Macquarie Group Ltd. lifted its position in Triumph Bancorp by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 41,249 shares of the financial services provider’s stock valued at $1,198,000 after acquiring an additional 1,552 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Triumph Bancorp in the 2nd quarter valued at $325,000. Finally, Nuveen Asset Management LLC bought a new stake in Triumph Bancorp in the 2nd quarter valued at $2,584,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:TBK opened at $32.86 on Tuesday. The company’s 50-day moving average price is $31.80 and its two-hundred day moving average price is $30.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Bancorp Inc has a one year low of $27.21 and a one year high of $38.78. The stock has a market capitalization of $822.86 million, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.13.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. Triumph Bancorp had a net margin of 17.86% and a return on equity of 9.36%. The firm had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $74.07 million. During the same period in the previous year, the firm posted $0.51 EPS. On average, analysts anticipate that Triumph Bancorp Inc will post 2.19 earnings per share for the current fiscal year.
TBK has been the topic of several research reports. B. Riley boosted their price objective on shares of Triumph Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, October 18th. BidaskClub raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. ValuEngine raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Stephens reissued a “hold” rating and set a $34.00 price target on shares of Triumph Bancorp in a research report on Thursday, October 17th. Finally, Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Triumph Bancorp has an average rating of “Hold” and a consensus target price of $34.50.
In other news, Director Michael P. Rafferty bought 1,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $27.94 per share, with a total value of $27,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron P. Graft sold 3,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $32.51, for a total transaction of $113,785.00. The disclosure for this sale can be found here. Insiders have acquired a total of 3,300 shares of company stock worth $100,120 over the last three months. Insiders own 8.54% of the company’s stock.
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.
Further Reading: Understanding the two types of arbitrage
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 Inc (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.