Teachers Advisors LLC boosted its holdings in Triumph Bancorp (NASDAQ:TBK) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 63,187 shares of the financial services provider’s stock after buying an additional 3,155 shares during the period. Teachers Advisors LLC’s holdings in Triumph Bancorp were worth $1,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TBK. BlackRock Inc. raised its position in Triumph Bancorp by 14.4% in the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock valued at $33,060,000 after purchasing an additional 132,407 shares during the period. Dimensional Fund Advisors LP raised its position in Triumph Bancorp by 47.4% in the third quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after purchasing an additional 99,641 shares during the period. EAM Investors LLC purchased a new stake in Triumph Bancorp in the fourth quarter valued at approximately $2,046,000. Driehaus Capital Management LLC raised its position in Triumph Bancorp by 41.2% in the fourth quarter. Driehaus Capital Management LLC now owns 166,535 shares of the financial services provider’s stock valued at $5,246,000 after purchasing an additional 48,618 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Triumph Bancorp by 148.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 72,766 shares of the financial services provider’s stock valued at $2,347,000 after purchasing an additional 43,466 shares during the period. Hedge funds and other institutional investors own 51.38% of the company’s stock.

How to Become a New Pot Stock Millionaire

Triumph Bancorp stock opened at $39.80 on Tuesday. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $44.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1,030.01, a PE ratio of 25.35, a P/E/G ratio of 1.35 and a beta of 0.92.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. The business had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. analysts predict that Triumph Bancorp will post 2.65 EPS for the current year.

A number of analysts have issued reports on the company. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Saturday, January 13th. ValuEngine raised Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. BidaskClub raised Triumph Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, Piper Jaffray raised Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.78.

TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2018/04/17/triumph-bancorp-tbk-position-lifted-by-teachers-advisors-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 (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.