Alaska State Department of Revenue holds $1.55 million in Triumph Bancorp, Inc. (NASDAQ:TBK)
The Alaska State Department of Revenue reduced its holdings in Triumph Bancorp, Inc. (NASDAQ:TBK – Get a rating) by 1.3% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The institutional investor owned 16,497 shares of the financial services provider after selling 225 shares during the period. The Alaska State Department of Revenue’s holdings in Triumph Bancorp were worth $1,551,000 at the end of the most recent reporting period.
A number of other institutional investors also bought and sold shares of TBK. Luxor Capital Group LP increased its stake in Triumph Bancorp by 4.1% during the fourth quarter. Luxor Capital Group LP now owns 1,968,108 shares of the financial services provider valued at $234,362,000 after purchasing an additional 77,117 shares in the last quarter. State Street Corp increased its holdings of Triumph Bancorp shares by 18.7% during the 4th quarter. State Street Corp now owns 1,137,415 shares of the financial services provider worth $135,443,000 after purchasing an additional 179,060 shares during the period. Westwood Holdings Group Inc. increased its stake in Triumph Bancorp by 176.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 657,546 shares of the financial services provider valued at $78,301,000 after purchasing an additional 419,869 shares in the last quarter. Geode Capital Management LLC increased its stake in Triumph Bancorp by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 410,537 shares of the financial services provider worth $48,886,000 after acquiring an additional 7,043 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Triumph Bancorp by 19.1% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 287,032 shares of the financial services provider worth $34,180,000 after acquiring an additional 46,044 shares during the period. 85.69% of the shares are currently held by hedge funds and other institutional investors.
Several equity research analysts have recently released reports on the company. B. Riley lowered his price target on Triumph Bancorp from $152.00 to $142.00 and set a “buy” rating on the stock in a Tuesday, April 12 research report. StockNews.com began covering Triumph Bancorp in a report on Thursday March 31. They issued a “sell” rating on the stock. Wells Fargo & Company cut its price target on Triumph Bancorp from $107.00 to $90.00 and set an “equal weight” rating for the company in a Friday, April 22 report. Piper Sandler cut her price target on Triumph Bancorp from $106.00 to $87.00 and set a “neutral” rating for the company in a Friday, April 22 research report. Finally, Raymond James lowered his price target on shares of Triumph Bancorp from $132.00 to $125.00 and set a “Strong Buy” rating on the stock in a research report on Friday April 22. . One analyst rated the stock with a sell rating, three gave the company a hold rating, one issued a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat.com, Triumph Bancorp currently has an average rating of “Hold” and an average price target of $103.81.
In other Triumph Bancorp News, Director Harrison B. Barnes bought 3,800 shares of the company in a transaction that took place on Monday, June 13. The shares were purchased at an average price of $64.65 per share, with a total value of $245,670.00. Following completion of the transaction, the administrator now directly owns 14,566 shares of the company, valued at approximately $941,691.90. The transaction was disclosed in an SEC filing, which is available via the SEC website. Insiders hold 5.30% of the shares of the company.
Shares of NASDAQ:TBK opened at $63.99 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of 16.12 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt ratio of 0.05. Triumph Bancorp, Inc. has a 1-year minimum of $60.02 and a 1-year maximum of $136.01. The company’s 50-day moving average is $68.07 and its 200-day moving average is $87.13.
Triumph Bancorp (NASDAQ:TBK – Get a rating) last announced its quarterly results on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $0.93 for the quarter, missing the consensus estimate of $1.02 per ($0.09). Triumph Bancorp had a net margin of 22.77% and a return on equity of 13.30%. The company posted revenue of $111.20 million in the quarter, versus a consensus estimate of $116.33 million. During the same period last year, the company achieved EPS of $1.32. On average, sell-side analysts expect Triumph Bancorp, Inc. to post EPS of 3.72 for the current year.
Triumph Bancorp Company Profile (Get a rating)
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB which provides various banking and commercial products and services to retail and small and medium business customers in the United States. The Company operates through four segments: Banking, Factoring, Payments and Corporate.
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