MUFG Securities EMEA plc Takes $2.34 Million Position in Triumph Bancorp Inc (TBK)

MUFG Securities EMEA plc acquired a new stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 78,900 shares of the financial services provider’s stock, valued at approximately $2,343,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TBK. Bank of New York Mellon Corp raised its holdings in shares of Triumph Bancorp by 16.2% during the second quarter. Bank of New York Mellon Corp now owns 182,396 shares of the financial services provider’s stock valued at $7,433,000 after purchasing an additional 25,440 shares during the last quarter. Comerica Bank purchased a new position in shares of Triumph Bancorp during the third quarter valued at approximately $800,000. Wells Fargo & Company MN raised its holdings in shares of Triumph Bancorp by 9.3% during the third quarter. Wells Fargo & Company MN now owns 145,945 shares of the financial services provider’s stock valued at $5,575,000 after purchasing an additional 12,450 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Triumph Bancorp during the third quarter valued at approximately $1,523,000. Finally, Rhumbline Advisers raised its holdings in shares of Triumph Bancorp by 142.4% during the third quarter. Rhumbline Advisers now owns 53,851 shares of the financial services provider’s stock valued at $2,057,000 after purchasing an additional 31,638 shares during the last quarter. 81.71% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ TBK opened at $29.98 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $784.76 million, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12. Triumph Bancorp Inc has a 12-month low of $27.47 and a 12-month high of $44.70.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $71.68 million for the quarter, compared to the consensus estimate of $74.75 million. Triumph Bancorp had a net margin of 18.08% and a return on equity of 10.06%. During the same quarter last year, the firm posted $0.34 earnings per share. Equities research analysts anticipate that Triumph Bancorp Inc will post 2.72 EPS for the current year.

Several research analysts have recently weighed in on TBK shares. Stephens set a $40.00 price objective on shares of Triumph Bancorp and gave the company a “buy” rating in a report on Wednesday, January 23rd. BidaskClub cut shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine cut shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Finally, Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.33.

In other Triumph Bancorp news, Director Michael P. Rafferty bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was bought at an average cost of $30.85 per share, for a total transaction of $30,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.40% of the company’s stock.

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Triumph Bancorp Profile

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.

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

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