Peregrine Capital Management LLC Lowers Holdings in Triumph Bancorp Inc (NASDAQ:TBK)

Peregrine Capital Management LLC decreased its stake in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,093 shares of the financial services provider’s stock after selling 884 shares during the quarter. Peregrine Capital Management LLC owned about 1.61% of Triumph Bancorp worth $12,523,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Banc Funds Co. LLC raised its stake in shares of Triumph Bancorp by 10.4% in the first quarter. Banc Funds Co. LLC now owns 403,300 shares of the financial services provider’s stock worth $11,853,000 after purchasing an additional 38,000 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Triumph Bancorp by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,958 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 6,215 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Triumph Bancorp by 476.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 733 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Triumph Bancorp by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 274,200 shares of the financial services provider’s stock worth $8,143,000 after purchasing an additional 36,287 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Triumph Bancorp by 2.7% in the fourth quarter. Macquarie Group Ltd. now owns 39,185 shares of the financial services provider’s stock worth $1,164,000 after purchasing an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 80.07% of the company’s stock.

In related news, Director Justin N. Trail purchased 3,228 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $31.11 per share, with a total value of $100,423.08. Following the completion of the acquisition, the director now owns 69,406 shares of the company’s stock, valued at approximately $2,159,220.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Dobrient purchased 1,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were bought at an average cost of $28.76 per share, with a total value of $28,760.00. Following the acquisition, the director now directly owns 64,282 shares of the company’s stock, valued at approximately $1,848,750.32. The disclosure for this purchase can be found here. Insiders have acquired 9,228 shares of company stock valued at $270,043 in the last three months. 8.54% of the stock is currently owned by corporate insiders.

Triumph Bancorp stock opened at $31.61 on Wednesday. The stock has a market capitalization of $843.03 million, a PE ratio of 14.30, a PEG ratio of 1.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. Triumph Bancorp Inc has a one year low of $27.21 and a one year high of $44.70. The firm’s fifty day moving average price is $29.45.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The company had revenue of $71.04 million during the quarter, compared to analysts’ expectations of $70.02 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities research analysts anticipate that Triumph Bancorp Inc will post 2.26 EPS for the current fiscal year.

A number of research firms recently commented on TBK. Zacks Investment Research cut Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Stephens set a $89.00 price objective on IBERIABANK and gave the company a “buy” rating in a research report on Friday, July 19th. BidaskClub cut Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a research report on Saturday. B. Riley set a $33.00 price objective on Triumph Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Triumph Bancorp presently has an average rating of “Hold” and an average price target of $41.60.

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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