Triumph Bancorp (NASDAQ:TBK) CEO Aaron P. Graft sold 135,000 shares of Triumph Bancorp stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $39.50, for a total value of $5,332,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Triumph Bancorp opened at $40.90 on Thursday, MarketBeat reports. Triumph Bancorp has a 1-year low of $40.35 and a 1-year high of $40.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.04 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). Triumph Bancorp had a net margin of 17.71% and a return on equity of 11.67%. The business had revenue of $52.30 million for the quarter, compared to analysts’ expectations of $52.34 million. equities research analysts anticipate that Triumph Bancorp will post 2.39 EPS for the current year.
TBK has been the topic of a number of recent research reports. ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $42.00 in a report on Tuesday, January 23rd. Piper Jaffray restated a “buy” rating and issued a $49.00 target price on shares of Triumph Bancorp in a report on Thursday, March 15th. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Finally, Wells Fargo cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a report on Thursday, April 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.78.
Several hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC grew its holdings in shares of Triumph Bancorp by 1.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock valued at $2,256,000 after buying an additional 1,360 shares in the last quarter. American International Group Inc. boosted its position in Triumph Bancorp by 14.7% during the fourth quarter. American International Group Inc. now owns 11,804 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 1,512 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Triumph Bancorp by 14.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 16,090 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 2,036 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Triumph Bancorp during the first quarter valued at $100,000. Finally, Two Sigma Advisers LP boosted its position in Triumph Bancorp by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 57,714 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.
Triumph Bancorp Company 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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