Dupont Capital Management Corp Buys New Position in Triumph Bancorp, Inc. (TBK)
Dupont Capital Management Corp bought a new stake in shares of Triumph Bancorp, Inc. (NASDAQ:TBK) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 63,197 shares of the financial services provider’s stock, valued at approximately $2,038,000. Dupont Capital Management Corp owned approximately 0.35% of Triumph Bancorp at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Triumph Bancorp by 17.6% during the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Triumph Bancorp by 312.0% during the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,953 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Triumph Bancorp during the 2nd quarter valued at about $218,000. California Public Employees Retirement System acquired a new stake in shares of Triumph Bancorp during the 1st quarter valued at about $219,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Triumph Bancorp by 16.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,326 shares during the last quarter. 46.91% of the stock is currently owned by institutional investors.
In other Triumph Bancorp news, Director Charles A. Anderson purchased 2,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $27.66 per share, with a total value of $55,320.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 3,000 shares of company stock worth $86,560. Company insiders own 12.35% of the company’s stock.
Triumph Bancorp, Inc. (NASDAQ:TBK) opened at $29.85 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $638.16, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79. Triumph Bancorp, Inc. has a 1 year low of $18.36 and a 1 year high of $33.00.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million for the quarter, compared to the consensus estimate of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. equities analysts anticipate that Triumph Bancorp, Inc. will post 1.47 earnings per share for the current year.
Several research firms recently weighed in on TBK. FBR & Co lowered Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price for the company. in a report on Friday, July 21st. BidaskClub lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Piper Jaffray Companies upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, July 21st. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.14.
About Triumph Bancorp
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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