State of Alaska Department of Revenue Purchases 10,159 Shares of Triumph Bancorp Inc (NASDAQ:TBK)

Share on StockTwits

State of Alaska Department of Revenue lifted its position in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 121.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,523 shares of the financial services provider’s stock after purchasing an additional 10,159 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Triumph Bancorp worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its holdings in Triumph Bancorp by 3.9% in the second quarter. Macquarie Group Ltd. now owns 41,249 shares of the financial services provider’s stock valued at $1,198,000 after acquiring an additional 1,552 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Triumph Bancorp in the second quarter valued at approximately $325,000. Nuveen Asset Management LLC bought a new stake in Triumph Bancorp in the second quarter valued at approximately $2,584,000. UBS Asset Management Americas Inc. boosted its holdings in Triumph Bancorp by 94.8% in the second quarter. UBS Asset Management Americas Inc. now owns 18,576 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 9,041 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Triumph Bancorp by 163.3% in the second quarter. Citadel Advisors LLC now owns 102,063 shares of the financial services provider’s stock valued at $2,965,000 after acquiring an additional 63,296 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.

Shares of Triumph Bancorp stock traded down $0.02 on Friday, reaching $31.47. 864 shares of the company’s stock were exchanged, compared to its average volume of 114,577. The company has a market capitalization of $813.03 million, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. Triumph Bancorp Inc has a 52 week low of $27.21 and a 52 week high of $39.19. The firm’s 50-day moving average is $31.22 and its two-hundred day moving average is $30.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $74.07 million. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. During the same period in the prior year, the business earned $0.51 EPS. On average, analysts expect that Triumph Bancorp Inc will post 2.21 EPS for the current fiscal year.

In other news, Director Michael P. Rafferty bought 1,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $27.94 per share, with a total value of $27,940.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.54% of the stock is owned by corporate insiders.

Several analysts recently commented on the company. Stephens reiterated a “hold” rating and issued a $34.00 target price on shares of Triumph Bancorp in a report on Thursday. BidaskClub cut Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. ValuEngine upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 19th. B. Riley increased their price target on Triumph Bancorp from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.50.

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.

Featured Story: Asset Allocation and Your Retirement

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).

Institutional Ownership by Quarter for Triumph Bancorp (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.