Metropolitan Life Insurance Co. NY trimmed its stake in Triumph Bancorp (NASDAQ:TBK) by 46.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,965 shares of the financial services provider’s stock after selling 5,264 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Triumph Bancorp were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in TBK. BlackRock Inc. boosted its position in Triumph Bancorp by 14.4% in the 4th quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock valued at $33,060,000 after buying an additional 132,407 shares during the period. Dimensional Fund Advisors LP boosted its position in Triumph Bancorp by 47.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after buying an additional 99,641 shares during the period. EAM Investors LLC purchased a new stake in Triumph Bancorp in the 4th quarter valued at about $2,046,000. Forest Hill Capital LLC boosted its position in Triumph Bancorp by 40.5% in the 4th quarter. Forest Hill Capital LLC now owns 170,332 shares of the financial services provider’s stock valued at $5,365,000 after buying an additional 49,139 shares during the period. Finally, Driehaus Capital Management LLC boosted its position in Triumph Bancorp by 41.2% in the 4th quarter. Driehaus Capital Management LLC now owns 166,535 shares of the financial services provider’s stock valued at $5,246,000 after buying an additional 48,618 shares during the period. 50.00% of the stock is owned by institutional investors.

Shares of TBK opened at $39.25 on Friday. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $44.05. The company has a market capitalization of $1,036.57, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 0.96.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.06). Triumph Bancorp had a net margin of 17.71% and a return on equity of 11.67%. The firm had revenue of $52.30 million for the quarter, compared to analysts’ expectations of $52.34 million. equities analysts expect that Triumph Bancorp will post 2.39 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Triumph Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Piper Jaffray reaffirmed a “buy” rating and issued a $49.00 price target on shares of Triumph Bancorp in a research report on Thursday, March 15th. Sandler O’Neill reaffirmed a “buy” rating and issued a $41.00 price target on shares of Triumph Bancorp in a research report on Tuesday, January 23rd. B. Riley raised shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and upped their price target for the stock from $38.00 to $42.00 in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.78.

About Triumph Bancorp

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.

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.