Walthausen & Co. LLC Lowers Position in Triumph Bancorp Inc (NASDAQ:TBK)

Walthausen & Co. LLC trimmed its position in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,100 shares of the financial services provider’s stock after selling 450 shares during the quarter. Walthausen & Co. LLC’s holdings in Triumph Bancorp were worth $1,753,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC grew its position in Triumph Bancorp by 298.6% during the fourth quarter. Driehaus Capital Management LLC now owns 354,693 shares of the financial services provider’s stock worth $13,485,000 after buying an additional 265,719 shares in the last quarter. California Public Employees Retirement System raised its stake in Triumph Bancorp by 107.8% during the fourth quarter. California Public Employees Retirement System now owns 101,520 shares of the financial services provider’s stock worth $3,860,000 after buying an additional 52,665 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Triumph Bancorp by 58.4% during the fourth quarter. Russell Investments Group Ltd. now owns 116,184 shares of the financial services provider’s stock worth $4,417,000 after buying an additional 42,828 shares during the last quarter. Barclays PLC raised its stake in Triumph Bancorp by 134.5% during the fourth quarter. Barclays PLC now owns 73,777 shares of the financial services provider’s stock worth $2,805,000 after buying an additional 42,316 shares during the last quarter. Finally, Banc Funds Co. LLC raised its stake in Triumph Bancorp by 8.7% during the fourth quarter. Banc Funds Co. LLC now owns 515,781 shares of the financial services provider’s stock worth $19,610,000 after buying an additional 41,120 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

TBK stock traded up $1.54 during midday trading on Thursday, reaching $25.63. The company had a trading volume of 366,600 shares, compared to its average volume of 209,569. The company has a market capitalization of $554.36 million, a P/E ratio of 11.39, a P/E/G ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50-day moving average price of $33.16 and a 200-day moving average price of $34.65. Triumph Bancorp Inc has a 1 year low of $19.03 and a 1 year high of $43.15.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Triumph Bancorp had a net margin of 17.08% and a return on equity of 9.15%. The business had revenue of $75.07 million during the quarter, compared to analyst estimates of $75.64 million. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts predict that Triumph Bancorp Inc will post 2.15 EPS for the current year.

In related news, Director C Todd Sparks acquired 2,300 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $20.18 per share, for a total transaction of $46,414.00. Following the acquisition, the director now owns 49,785 shares of the company’s stock, valued at $1,004,661.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.54% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on TBK. DA Davidson downgraded shares of Triumph Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Monday, February 10th. B. Riley cut shares of Triumph Bancorp from a “buy” rating to a “neutral” rating and dropped their target price for the company from $42.00 to $33.00 in a research note on Monday, March 9th. BidaskClub upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Stephens upgraded shares of Triumph Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, March 17th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Triumph Bancorp currently has a consensus rating of “Hold” and a consensus target price of $38.25.

Triumph Bancorp Profile

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

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