Mesirow Financial Investment Management Inc. trimmed its position in Triumph Bancorp, Inc. (NASDAQ:TBK) by 17.6% in the fourth quarter, HoldingsChannel reports. The firm owned 17,031 shares of the financial services provider’s stock after selling 3,638 shares during the period. Triumph Bancorp comprises 2.4% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Triumph Bancorp were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. grew its position in Triumph Bancorp by 312.0% in the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 3,953 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Triumph Bancorp in the third quarter valued at $210,000. Principal Financial Group Inc. bought a new stake in Triumph Bancorp in the second quarter valued at $218,000. First Dallas Securities Inc. bought a new stake in Triumph Bancorp in the third quarter valued at $221,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Triumph Bancorp in the third quarter valued at $261,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

Shares of Triumph Bancorp, Inc. (NASDAQ:TBK) opened at $35.45 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $738.10, a price-to-earnings ratio of 19.06, a PEG ratio of 1.39 and a beta of 0.81. Triumph Bancorp, Inc. has a 1-year low of $20.50 and a 1-year high of $36.13.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million for the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. research analysts expect that Triumph Bancorp, Inc. will post 1.47 EPS for the current fiscal year.

TBK has been the topic of a number of analyst reports. BidaskClub cut Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, September 28th. Wells Fargo & Co set a $35.00 price target on Triumph Bancorp and gave the company a “buy” rating in a research report on Friday, October 20th. DA Davidson reiterated a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Triumph Bancorp in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $35.86.

In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $29.77 per share, for a total transaction of $163,854.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 6,504 shares of company stock worth $195,094 in the last 90 days. Company insiders own 12.35% of the company’s stock.

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

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