Teachers Retirement System of The State of Kentucky grew its stake in shares of Triumph Bancorp, Inc. (NASDAQ:TBK – Get Rating) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,488 shares of the financial services provider’s stock after purchasing an additional 828 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Triumph Bancorp were worth $3,525,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Triumph Bancorp by 0.8% in the first quarter. BlackRock Inc. now owns 3,545,226 shares of the financial services provider’s stock worth $333,320,000 after acquiring an additional 28,883 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Triumph Bancorp by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,108,010 shares of the financial services provider’s stock worth $198,196,000 after acquiring an additional 48,631 shares in the last quarter. Luxor Capital Group LP lifted its stake in shares of Triumph Bancorp by 4.1% in the fourth quarter. Luxor Capital Group LP now owns 1,968,108 shares of the financial services provider’s stock worth $234,362,000 after acquiring an additional 77,117 shares in the last quarter. State Street Corp lifted its stake in shares of Triumph Bancorp by 33.0% in the first quarter. State Street Corp now owns 1,512,595 shares of the financial services provider’s stock worth $142,214,000 after acquiring an additional 375,180 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Triumph Bancorp by 2.6% in the first quarter. Wellington Management Group LLP now owns 1,432,137 shares of the financial services provider’s stock worth $134,649,000 after acquiring an additional 35,912 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
Insider Buying and Selling
In related news, CEO Aaron P. Graft sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $72.00, for a total value of $180,000.00. Following the completion of the transaction, the chief executive officer now directly owns 248,107 shares of the company’s stock, valued at approximately $17,863,704. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.30% of the company’s stock.
Analyst Ratings Changes
Triumph Bancorp Stock Down 1.0 %
NASDAQ:TBK opened at $61.16 on Monday. The firm has a market capitalization of $1.50 billion, a PE ratio of 13.21 and a beta of 1.19. The stock has a 50 day moving average of $67.28 and a 200-day moving average of $72.99. Triumph Bancorp, Inc. has a 52 week low of $57.15 and a 52 week high of $136.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.
Triumph Bancorp (NASDAQ:TBK – Get Rating) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $125.29 million during the quarter, compared to analyst estimates of $113.29 million. Triumph Bancorp had a return on equity of 12.01% and a net margin of 23.92%. During the same period in the prior year, the company earned $1.17 earnings per share. Analysts predict that Triumph Bancorp, Inc. will post 4.05 EPS for the current year.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate.
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