Susquehanna International Group LLP acquired a new position in Triumph Bancorp, Inc. (NASDAQ:TBK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,467 shares of the financial services provider’s stock, valued at approximately $821,000. Susquehanna International Group LLP owned 0.12% of Triumph Bancorp as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TBK. Vanguard Group Inc. increased its stake in Triumph Bancorp by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock valued at $16,431,000 after buying an additional 19,502 shares during the period. Hodges Capital Management Inc. increased its stake in Triumph Bancorp by 160.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock valued at $12,491,000 after buying an additional 238,570 shares during the period. Dimensional Fund Advisors LP increased its stake in Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after buying an additional 99,641 shares during the period. Banc Funds Co. LLC increased its stake in Triumph Bancorp by 46.7% during the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock valued at $7,323,000 after buying an additional 95,000 shares during the period. Finally, State Street Corp increased its stake in Triumph Bancorp by 7.4% during the 2nd quarter. State Street Corp now owns 262,930 shares of the financial services provider’s stock valued at $6,452,000 after buying an additional 18,159 shares during the period. 61.32% of the stock is currently owned by institutional investors and hedge funds.

In other Triumph Bancorp news, Director Maribess L. Miller acquired 5,504 shares of Triumph Bancorp stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $29.77 per share, for a total transaction of $163,854.08. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 6,504 shares of company stock valued at $195,094. Insiders own 12.35% of the company’s stock.

Triumph Bancorp, Inc. (NASDAQ TBK) opened at $32.80 on Friday. Triumph Bancorp, Inc. has a 12-month low of $20.50 and a 12-month high of $35.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $656.90, a PE ratio of 23.72, a PEG ratio of 1.95 and a beta of 0.82.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. The company had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. sell-side analysts expect that Triumph Bancorp, Inc. will post 1.47 earnings per share for the current year.

Several equities analysts have commented on TBK shares. BidaskClub cut shares of Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, September 28th. Wells Fargo & Company set a $35.00 target price on shares of Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, October 20th. DA Davidson reissued a “buy” rating and set a $36.00 target price on shares of Triumph Bancorp in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 target price on shares of Triumph Bancorp in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Triumph Bancorp presently has an average rating of “Hold” and an average price target of $34.71.

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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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