Triumph Bancorp, Inc. (NASDAQ:TBK) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its position in Triumph Bancorp, Inc. (NASDAQ:TBK) by 29.8% during the first quarter, Holdings Channel reports. The fund owned 74,085 shares of the financial services provider’s stock after buying an additional 16,999 shares during the period. TIAA CREF Investment Management LLC’s holdings in Triumph Bancorp were worth $1,911,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TBK. American International Group Inc. boosted its stake in Triumph Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock worth $246,000 after buying an additional 624 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,326 shares during the period. Wedge Capital Management L L P NC boosted its stake in Triumph Bancorp by 5.6% in the first quarter. Wedge Capital Management L L P NC now owns 34,100 shares of the financial services provider’s stock worth $880,000 after buying an additional 1,800 shares during the period. Mesirow Financial Investment Management Equity Management boosted its stake in Triumph Bancorp by 41.3% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 13,645 shares of the financial services provider’s stock worth $352,000 after buying an additional 3,985 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Triumph Bancorp by 20.7% in the fourth quarter. Teachers Advisors LLC now owns 31,977 shares of the financial services provider’s stock worth $836,000 after buying an additional 5,485 shares during the period. Hedge funds and other institutional investors own 45.83% of the company’s stock.

Shares of Triumph Bancorp, Inc. (NASDAQ:TBK) opened at 28.60 on Tuesday. Triumph Bancorp, Inc. has a one year low of $17.01 and a one year high of $29.25. The firm’s 50-day moving average is $25.52 and its 200-day moving average is $25.00. The company has a market cap of $515.63 million, a PE ratio of 17.18 and a beta of 0.78.

Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (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 company had revenue of $43.76 million for the quarter, compared to analysts’ expectations of $39.38 million. On average, equities analysts anticipate that Triumph Bancorp, Inc. will post $1.96 EPS for the current year.

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A number of research firms recently commented on TBK. FBR & Co cut shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a report on Friday, July 21st. TheStreet raised shares of Triumph Bancorp from a “c” rating to a “b” rating in a report on Wednesday, May 17th. Piper Jaffray Companies raised shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Friday, July 21st. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, July 11th. Finally, Wells Fargo & Company raised shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Friday, May 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.40.

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.

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).

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

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