Triumph Bancorp Inc (TBK) Holdings Decreased by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Triumph Bancorp Inc (NASDAQ:TBK) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,415 shares of the financial services provider’s stock after selling 37,900 shares during the quarter. Hodges Capital Management Inc.’s holdings in Triumph Bancorp were worth $11,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TBK. Citigroup Inc. boosted its position in shares of Triumph Bancorp by 312.0% in the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 3,953 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Triumph Bancorp in the third quarter worth approximately $210,000. Principal Financial Group Inc. bought a new position in shares of Triumph Bancorp in the second quarter worth approximately $218,000. First Dallas Securities Inc. bought a new position in shares of Triumph Bancorp in the third quarter worth approximately $221,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Triumph Bancorp in the third quarter worth approximately $261,000. Institutional investors and hedge funds own 60.73% of the company’s stock.

In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.35% of the stock is owned by corporate insiders.

TBK has been the topic of several research analyst reports. BidaskClub downgraded shares of Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. DA Davidson reissued a “buy” rating and issued a $36.00 target price on shares of Triumph Bancorp in a report on Friday, October 20th. Wells Fargo & Co set a $35.00 target price on shares of Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. FBR & Co reissued a “hold” rating and issued a $32.00 target price on shares of Triumph Bancorp in a report on Monday, October 23rd. Finally, Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Triumph Bancorp presently has an average rating of “Buy” and an average target price of $37.11.

Shares of Triumph Bancorp Inc (NASDAQ TBK) opened at $38.05 on Friday. The stock has a market cap of $783.89, a price-to-earnings ratio of 24.45, a P/E/G ratio of 1.28 and a beta of 1.04. 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 12 month low of $20.50 and a 12 month high of $39.83.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. The company had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.81%. equities analysts forecast that Triumph Bancorp Inc will post 2.67 EPS for the current year.

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

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