Citadel Advisors LLC purchased a new position in shares of Triumph Bancorp Inc (NASDAQ:TBK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,779 shares of the financial services provider’s stock, valued at approximately $308,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of TBK. BlackRock Inc. boosted its position in Triumph Bancorp by 14.4% during the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock valued at $33,060,000 after purchasing an additional 132,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Triumph Bancorp by 47.4% during the third quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after purchasing an additional 99,641 shares in the last quarter. Stieven Capital Advisors L.P. bought a new stake in Triumph Bancorp during the third quarter valued at about $3,051,000. Schwab Charles Investment Management Inc. boosted its position in Triumph Bancorp by 148.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 72,766 shares of the financial services provider’s stock valued at $2,347,000 after purchasing an additional 43,466 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Triumph Bancorp during the fourth quarter valued at about $1,312,000. 62.97% of the stock is currently owned by institutional investors and hedge funds.
Triumph Bancorp Inc (TBK) opened at $43.15 on Wednesday. Triumph Bancorp Inc has a 12 month low of $20.50 and a 12 month high of $44.05. The stock has a market capitalization of $895.52, a PE ratio of 23.71, a PEG ratio of 1.46 and a beta of 0.93. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.
TBK has been the topic of a number of recent research reports. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Triumph Bancorp in a research note on Thursday, December 14th. Piper Jaffray Companies reiterated a “hold” rating and issued a $35.00 price target on shares of Triumph Bancorp in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Saturday, January 13th. Finally, B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.00 to $42.00 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $37.11.
Triumph Bancorp Profile
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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