American International Group Inc. increased its position in Triumph Bancorp Inc (NASDAQ:TBK) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,804 shares of the financial services provider’s stock after acquiring an additional 1,512 shares during the period. American International Group Inc.’s holdings in Triumph Bancorp were worth $372,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TBK. BlackRock Inc. increased its holdings in Triumph Bancorp by 14.4% in the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock worth $33,060,000 after buying an additional 132,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Triumph Bancorp by 47.4% in the third quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after buying an additional 99,641 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in Triumph Bancorp in the third quarter worth approximately $3,051,000. Schwab Charles Investment Management Inc. increased its holdings in Triumph Bancorp by 148.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 72,766 shares of the financial services provider’s stock worth $2,347,000 after buying an additional 43,466 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in Triumph Bancorp during the fourth quarter worth approximately $1,312,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.
Shares of Triumph Bancorp Inc (NASDAQ:TBK) opened at $43.00 on Monday. The stock has a market capitalization of $895.52, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Triumph Bancorp Inc has a 12-month low of $20.50 and a 12-month high of $43.45.
TBK has been the subject of a number of recent analyst reports. B. Riley raised Triumph Bancorp from a “neutral” rating to a “buy” rating and upped their target price for the stock from $38.00 to $42.00 in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods set a $38.00 target price on Triumph Bancorp and gave the stock a “buy” rating in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.00 target price on shares of Triumph Bancorp in a research report on Tuesday, January 9th. Sandler O’Neill reaffirmed a “buy” rating and set a $41.00 target price on shares of Triumph Bancorp in a research report on Tuesday, January 23rd. Finally, BidaskClub cut Triumph Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Triumph Bancorp currently has a consensus rating of “Buy” and a consensus price target of $37.11.
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).
Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.