Triumph Bancorp, Inc. (TBK) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Triumph Bancorp, Inc. (NASDAQ:TBK) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 166,078 shares of the financial services provider’s stock after purchasing an additional 4,067 shares during the quarter. Northern Trust Corp owned about 0.92% of Triumph Bancorp worth $4,078,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Triumph Bancorp by 5.0% in the second quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 594 shares during the last quarter. American International Group Inc. grew its position in shares of 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 valued at $246,000 after purchasing an additional 624 shares during the last quarter. Bank of America Corp DE grew its position in shares of Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 641 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of 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 valued at $241,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Triumph Bancorp by 2.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 56,208 shares of the financial services provider’s stock valued at $1,451,000 after purchasing an additional 1,570 shares during the last quarter. 54.63% of the stock is currently owned by institutional investors.

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Triumph Bancorp, Inc. (NASDAQ TBK) opened at $30.35 on Tuesday. The company has a market cap of $623.59, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.85 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. Triumph Bancorp, Inc. has a one year low of $20.50 and a one year high of $33.00.

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

In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $163,854.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 6,504 shares of company stock valued at $195,094. Corporate insiders own 12.35% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a research note on Wednesday, August 9th. Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Triumph Bancorp in a research note on Monday, August 21st. Zacks Investment Research cut shares of Triumph Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies cut shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 target price for the company. in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.14.

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.

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

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