Forest Hill Capital LLC boosted its holdings in shares of Triumph Bancorp Inc (NASDAQ:TBK) by 40.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 comprises approximately 1.5% of Forest Hill Capital LLC’s investment portfolio, making the stock its 28th biggest holding. Forest Hill Capital LLC owned approximately 0.82% of Triumph Bancorp worth $5,365,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new position in Triumph Bancorp during the third quarter valued at $210,000. First Dallas Securities Inc. acquired a new position in Triumph Bancorp during the third quarter valued at $221,000. Cubist Systematic Strategies LLC acquired a new position in Triumph Bancorp during the third quarter valued at $261,000. Wells Fargo & Company MN lifted its position in Triumph Bancorp by 5.0% during the second quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 594 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Triumph Bancorp during the fourth quarter valued at $308,000. Institutional investors own 62.97% of the company’s stock.
Triumph Bancorp Inc (TBK) opened at $43.15 on Wednesday. The firm has a market cap of $900.72, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. Triumph Bancorp Inc has a 1 year low of $20.50 and a 1 year high of $44.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96.
A number of research analysts recently issued reports on TBK shares. Keefe, Bruyette & Woods set a $38.00 target price on shares of Triumph Bancorp and gave the company a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded 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 report on Saturday, January 13th. B. Riley upgraded shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $42.00 in a research report on Tuesday, January 23rd. BidaskClub downgraded shares of Triumph Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Finally, Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.11.
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.
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