UBS Group AG cut its stake in shares of Triumph Bancorp, Inc. (NASDAQ:TBK) by 30.0% during the first quarter, Holdings Channel reports. The fund owned 5,940 shares of the financial services provider’s stock after selling 2,541 shares during the period. UBS Group AG’s holdings in Triumph Bancorp were worth $154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nine Chapters Capital Management LLC purchased a new position in shares of Triumph Bancorp during the first quarter worth approximately $201,000. California Public Employees Retirement System purchased a new position in shares of Triumph Bancorp during the first quarter worth approximately $219,000. Parametric Portfolio Associates LLC increased its position in shares of Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,326 shares in the last quarter. American International Group Inc. increased its position in shares of Triumph Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock worth $246,000 after buying an additional 624 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Triumph Bancorp during the first quarter worth approximately $295,000. Hedge funds and other institutional investors own 45.83% of the company’s stock.

Triumph Bancorp, Inc. (TBK) traded down 0.72% during trading on Thursday, hitting $27.75. 2,072 shares of the stock traded hands. The company’s 50 day moving average price is $26.27 and its 200 day moving average price is $25.12. Triumph Bancorp, Inc. has a 12 month low of $17.52 and a 12 month high of $29.25. The company has a market cap of $500.30 million, a P/E ratio of 16.67 and a beta of 0.78.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $43.76 million for the quarter, compared to analyst estimates of $39.38 million. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. On average, equities research analysts anticipate that Triumph Bancorp, Inc. will post $1.94 EPS for the current fiscal year.

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A number of brokerages have commented on TBK. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a report on Wednesday. FBR & Co downgraded 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 report on Friday, July 21st. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, July 21st. 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 report on Wednesday, July 5th. Finally, 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 report on Friday, May 26th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Triumph Bancorp has a consensus rating of “Buy” and an average price target of $30.00.

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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