Forest Hill Capital LLC increased its stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 40.5% in the 4th quarter, Holdings Channel reports. The firm owned 170,332 shares of the financial services provider’s stock after purchasing an additional 49,139 shares during the period. Triumph Bancorp accounts for 1.5% of Forest Hill Capital LLC’s investment portfolio, making the stock its 28th largest holding. Forest Hill Capital LLC’s holdings in Triumph Bancorp were worth $5,365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Triumph Bancorp by 14.4% during the 4th quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock valued at $33,060,000 after acquiring an additional 132,407 shares in the last quarter. Vanguard Group Inc. grew its stake in Triumph Bancorp by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock valued at $16,431,000 after acquiring an additional 19,502 shares in the last quarter. Banc Funds Co. LLC grew its stake in Triumph Bancorp by 3.2% during the 4th quarter. Banc Funds Co. LLC now owns 411,100 shares of the financial services provider’s stock valued at $12,950,000 after acquiring an additional 12,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after acquiring an additional 99,641 shares in the last quarter. Finally, State Street Corp grew its stake in Triumph Bancorp by 7.4% during the 2nd quarter. State Street Corp now owns 262,930 shares of the financial services provider’s stock valued at $6,452,000 after acquiring an additional 18,159 shares in the last quarter. Hedge funds and other institutional investors own 62.97% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of Triumph Bancorp Inc (NASDAQ TBK) opened at $43.15 on Wednesday. Triumph Bancorp Inc has a one year low of $20.50 and a one year high of $44.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $900.72, a P/E ratio of 28.08, a PEG ratio of 1.47 and a beta of 0.93.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.46 by $0.08. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.38%. The firm had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. sell-side analysts forecast that Triumph Bancorp Inc will post 2.67 earnings per share for the current year.

Several analysts recently issued reports on TBK shares. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Saturday, January 13th. ValuEngine raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BidaskClub raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. Piper Jaffray Companies reissued a “hold” rating and issued a $35.00 price target on shares of Triumph Bancorp in a research note on Tuesday, January 9th. Finally, B. Riley raised shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.00 to $42.00 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.11.

WARNING: “Triumph Bancorp Inc (TBK) Shares Bought by Forest Hill Capital LLC” was originally published by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2018/03/14/triumph-bancorp-inc-tbk-shares-bought-by-forest-hill-capital-llc.html.

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.

Want to see what other hedge funds are holding TBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Bancorp Inc (NASDAQ:TBK).

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

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