American Century Companies Inc. maintained its stake in Triumph Bancorp, Inc. (NASDAQ:TBK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,051 shares of the financial services provider’s stock at the end of the second quarter. American Century Companies Inc. owned approximately 0.11% of Triumph Bancorp worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TBK. Bank of America Corp DE grew its position in Triumph Bancorp by 17.6% in the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares in the last quarter. California Public Employees Retirement System bought a new position in Triumph Bancorp in the 1st quarter valued at about $219,000. Parametric Portfolio Associates LLC grew its position in Triumph Bancorp by 16.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,326 shares in the last quarter. American International Group Inc. grew its position in Triumph Bancorp by 7.0% in the 1st quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock valued at $246,000 after buying an additional 624 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Triumph Bancorp in the 1st quarter valued at about $295,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Triumph Bancorp, Inc. (NASDAQ:TBK) opened at 29.60 on Wednesday. Triumph Bancorp, Inc. has a 12 month low of $18.36 and a 12 month high of $29.75. The company has a market cap of $533.66 million, a price-to-earnings ratio of 17.78 and a beta of 0.79. The company has a 50-day moving average of $28.18 and a 200-day moving average of $25.30.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. The business had revenue of $43.76 million during the quarter, compared to analysts’ expectations of $39.38 million. Analysts predict that Triumph Bancorp, Inc. will post $1.93 EPS for the current year.

In other Triumph Bancorp news, Director Charles A. Anderson purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $27.66 per share, with a total value of $55,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.35% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Triumph Bancorp, Inc. (TBK) Position Held by American Century Companies Inc.” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.watchlistnews.com/triumph-bancorp-inc-tbk-position-held-by-american-century-companies-inc/1574788.html.

TBK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, July 5th. FBR & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price for the company. in a research report on Friday, July 21st. Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Friday, May 26th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a research report on Wednesday, August 9th. Finally, Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Triumph Bancorp in a research report on Monday, August 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.57.

Triumph Bancorp 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.

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

Receive News & Ratings for Triumph Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.