MetLife Investment Advisors LLC cut its holdings in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,267 shares of the financial services provider’s stock after selling 6,215 shares during the period. MetLife Investment Advisors LLC’s holdings in Triumph Bancorp were worth $335,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TBK. PNC Financial Services Group Inc. lifted its stake in shares of Triumph Bancorp by 476.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 733 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of 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 acquiring an additional 419 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 2,898 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Triumph Bancorp by 27.6% in the 3rd quarter. LPL Financial LLC now owns 6,416 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,387 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Triumph Bancorp in the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 81.71% of the company’s stock.
NASDAQ TBK opened at $30.61 on Tuesday. The firm has a market capitalization of $814.10 million, a P/E ratio of 13.85, a P/E/G ratio of 1.12 and a beta of 1.12. Triumph Bancorp Inc has a twelve month low of $27.47 and a twelve month high of $44.70. 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 (NASDAQ:TBK) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03). The company had revenue of $71.68 million during the quarter, compared to analyst estimates of $74.75 million. Triumph Bancorp had a net margin of 18.08% and a return on equity of 10.06%. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Triumph Bancorp Inc will post 2.71 EPS for the current fiscal year.
In other Triumph Bancorp news, Director Michael P. Rafferty purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was purchased at an average cost of $30.85 per share, for a total transaction of $30,850.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.40% of the company’s stock.
A number of analysts recently weighed in on the company. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Stephens restated a “buy” rating and issued a $40.00 price objective on shares of Triumph Bancorp in a report on Wednesday, December 19th. Finally, Zacks Investment Research downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.60.
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Triumph Bancorp 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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