Wedge Capital Management L L P NC bought a new position in shares of Triumph Bancorp Inc. (NASDAQ:TBK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 61,600 shares of the company’s stock, valued at approximately $846,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TBK. Bank of Montreal Can bought a new position in Triumph Bancorp during the second quarter worth approximately $144,000. Renaissance Technologies LLC boosted its position in Triumph Bancorp by 13.4% in the first quarter. Renaissance Technologies LLC now owns 45,000 shares of the company’s stock worth $712,000 after buying an additional 5,300 shares during the last quarter. Finally, Strs Ohio boosted its position in Triumph Bancorp by 9.5% in the second quarter. Strs Ohio now owns 19,700 shares of the company’s stock worth $315,000 after buying an additional 1,715 shares during the last quarter. 39.53% of the stock is currently owned by institutional investors.
Shares of Triumph Bancorp Inc. (NASDAQ:TBK) traded up 0.76% during mid-day trading on Wednesday, reaching $20.01. 17,710 shares of the company’s stock were exchanged. Triumph Bancorp Inc. has a 52 week low of $12.63 and a 52 week high of $20.25. The stock has a market cap of $362.32 million, a price-to-earnings ratio of 18.67 and a beta of 0.50. The stock has a 50 day moving average price of $19.40 and a 200 day moving average price of $17.25.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Triumph Bancorp had a return on equity of 6.52% and a net margin of 15.82%. Equities research analysts predict that Triumph Bancorp Inc. will post $1.22 EPS for the current year.
Separately, Zacks Investment Research cut shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.
In related news, Director Michael P. Rafferty acquired 1,593 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $17.15 per share, for a total transaction of $27,319.95. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.84% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.
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