Triumph Bancorp, Inc. (NASDAQ:TBK) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its position in shares of Triumph Bancorp, Inc. (NASDAQ:TBK) by 42.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,902 shares of the financial services provider’s stock after purchasing an additional 8,024 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.11% of Triumph Bancorp worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Triumph Bancorp by 94.1% in the first quarter. Goldman Sachs Group Inc. now owns 95,653 shares of the financial services provider’s stock valued at $7,403,000 after purchasing an additional 46,366 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in Triumph Bancorp in the 1st quarter valued at about $2,028,000. Ensign Peak Advisors Inc boosted its holdings in shares of Triumph Bancorp by 16.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 15,300 shares of the financial services provider’s stock worth $1,184,000 after purchasing an additional 2,200 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Triumph Bancorp by 0.6% in the second quarter. New York State Common Retirement Fund now owns 32,636 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 186 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Triumph Bancorp by 2.3% in the second quarter. State of Alaska Department of Revenue now owns 15,665 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.

Shares of NASDAQ TBK opened at $84.19 on Friday. The business has a 50-day moving average of $79.20 and a two-hundred day moving average of $81.60. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 18.54 and a beta of 1.07. Triumph Bancorp, Inc. has a 1 year low of $26.86 and a 1 year high of $97.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 1.06.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Tuesday, July 20th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $104.18 million during the quarter, compared to analysts’ expectations of $98.65 million. Triumph Bancorp had a return on equity of 17.14% and a net margin of 28.08%. As a group, equities research analysts expect that Triumph Bancorp, Inc. will post 4.63 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 2nd. Stephens restated an “equal weight” rating and issued a $75.07 target price (down previously from $78.00) on shares of Triumph Bancorp in a research report on Tuesday, July 27th. Finally, Raymond James reaffirmed a “buy” rating and set a $112.00 target price (down previously from $116.00) on shares of Triumph Bancorp in a research note on Monday, July 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.87.

Triumph Bancorp Company Profile

Triumph Bancorp, Inc operates as a financial holding company which offers traditional banking and financial solutions. It operates through the following segments: Factoring, Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.

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

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