Should You Consider Investing in Triumph Bancorp (TBK)?

view original post

Diamond Hill Capital, an investment management firm, published its “Diamond Hill Small Cap Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio outpaced the Russell 2000® Index in the quarter, delivering nearly a 2% positive return against the index’s negative return and adding to year-to-date outperformance. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Diamond Hill Small Cap Fund, in its Q3 2021 investor letter, mentioned Triumph Bancorp, Inc. (NASDAQ: TBK) and discussed its stance on the firm. Triumph Bancorp, Inc. is a Dallas, Texas-based bank holding company with a $3.2 billion market capitalization. TBK delivered a 168.73% return since the beginning of the year, while its 12-month returns are up by 178.19%. The stock closed at $130.47 per share on November 19, 2021.

Here is what Diamond Hill Small Cap Fund has to say about Triumph Bancorp, Inc. in its Q3 2021 investor letter:

Triumph Bancorp fits the description of a bank that has carved out a specialized niche with a strong geographic footprint. This Dallas-based bank has a unique focus on the transportation industry. It is building out a payments platform, TriumphPay, which could become the primary network for brokered freight payments—a space with little-to-no competition.”


Based on our calculations, Triumph Bancorp, Inc. (NASDAQ: TBK) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TBK was in 19 hedge fund portfolios at the end of the first half of 2021, compared to 16 funds in the previous quarter. Triumph Bancorp, Inc. (NASDAQ: TBK) delivered a 62.30% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.