Bank of Montreal Can continued to hold its position in Triumph Bancorp, Inc. (NASDAQ:TBK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,000 shares of the financial services provider’s stock at the close of the second quarter. Bank of Montreal Can’s holdings in Triumph Bancorp were worth $148,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TBK. Wellington Management Group LLP boosted its stake in Triumph Bancorp by 889.6% in the 1st quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock worth $27,652,000 after purchasing an additional 963,465 shares during the period. RMB Capital Management LLC boosted its stake in Triumph Bancorp by 24.7% in the 1st quarter. RMB Capital Management LLC now owns 506,437 shares of the financial services provider’s stock worth $13,066,000 after purchasing an additional 100,233 shares during the period. Dimensional Fund Advisors LP boosted its stake in Triumph Bancorp by 220.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 112,959 shares of the financial services provider’s stock worth $2,914,000 after purchasing an additional 77,761 shares during the period. Renaissance Technologies LLC boosted its stake in Triumph Bancorp by 44.0% in the 1st quarter. Renaissance Technologies LLC now owns 151,812 shares of the financial services provider’s stock worth $3,917,000 after purchasing an additional 46,412 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new position in Triumph Bancorp in the 1st quarter worth approximately $994,000. 46.10% of the stock is owned by hedge funds and other institutional investors.
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In other news, Director Charles A. Anderson purchased 2,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $27.66 per share, for a total transaction of $55,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.35% of the company’s stock.
Triumph Bancorp, Inc. (TBK) traded down 0.34% on Friday, hitting $29.10. 41,137 shares of the stock were exchanged. The stock has a market capitalization of $524.64 million, a P/E ratio of 17.48 and a beta of 0.79. Triumph Bancorp, Inc. has a one year low of $18.36 and a one year high of $29.45. The company has a 50 day moving average of $28.06 and a 200 day moving average of $25.27.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.19. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. The business had revenue of $43.76 million during the quarter, compared to analysts’ expectations of $39.38 million. On average, equities research analysts forecast that Triumph Bancorp, Inc. will post $1.93 earnings per share for the current fiscal year.
A number of research firms recently commented on TBK. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Triumph Bancorp in a research note on Monday, August 21st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $33.00 target price on shares of Triumph Bancorp in a research note on Wednesday, August 9th. Piper Jaffray Companies raised shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Friday, July 21st. FBR & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price for the company. in a research note on Friday, July 21st. Finally, Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, July 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Triumph Bancorp presently has an average rating of “Buy” and an average price target of $30.57.
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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