Oregon Public Employees Retirement Fund acquired a new stake in Triumph Bancorp Inc (NASDAQ:TBK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,195 shares of the financial services provider’s stock, valued at approximately $273,000.
A number of other large investors have also recently modified their holdings of TBK. Dimensional Fund Advisors LP increased its stake in Triumph Bancorp by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 838,605 shares of the financial services provider’s stock valued at $32,035,000 after buying an additional 54,041 shares during the period. Thrivent Financial for Lutherans acquired a new position in Triumph Bancorp during the 3rd quarter valued at about $618,000. Allianz Asset Management GmbH increased its stake in Triumph Bancorp by 8.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 108,628 shares of the financial services provider’s stock valued at $4,150,000 after buying an additional 8,381 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in Triumph Bancorp by 5.6% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 40,860 shares of the financial services provider’s stock valued at $1,561,000 after buying an additional 2,180 shares during the period. Finally, Glenmede Trust Co. NA acquired a new position in Triumph Bancorp during the 3rd quarter valued at about $340,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.
In other news, Director Michael P. Rafferty acquired 1,000 shares of Triumph Bancorp stock in a transaction dated Tuesday, January 29th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $30,850.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.40% of the stock is currently owned by insiders.
Triumph Bancorp stock opened at $31.07 on Friday. The company has a market capitalization of $824.27 million, a PE ratio of 14.06, a PEG ratio of 1.13 and a beta of 1.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. Triumph Bancorp Inc has a fifty-two week low of $27.47 and a fifty-two week high of $44.70.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $71.68 million for the quarter, compared to analyst estimates of $74.75 million. Triumph Bancorp had a return on equity of 10.06% and a net margin of 18.08%. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts predict that Triumph Bancorp Inc will post 2.72 earnings per share for the current fiscal year.
About Triumph Bancorp
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.
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