Triumph Bancorp Inc (TBK) Director Acquires $43,875.00 in Stock

Triumph Bancorp Inc (NASDAQ:TBK) Director Michael P. Rafferty acquired 1,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $29.25 per share, with a total value of $43,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of TBK traded up $0.30 during mid-day trading on Thursday, hitting $29.84. 87,535 shares of the company’s stock were exchanged, compared to its average volume of 150,335. Triumph Bancorp Inc has a 52 week low of $27.47 and a 52 week high of $44.70. The stock has a market capitalization of $794.86 million, a PE ratio of 13.50, a P/E/G ratio of 1.19 and a beta of 1.12. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Triumph Bancorp had a net margin of 17.70% and a return on equity of 9.61%. The company had revenue of $68.85 million for the quarter, compared to analysts’ expectations of $70.32 million. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts predict that Triumph Bancorp Inc will post 2.44 earnings per share for the current fiscal year.

Several brokerages have issued reports on TBK. BidaskClub upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. ValuEngine upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Stephens restated a “buy” rating and set a $38.00 price objective on shares of Triumph Bancorp in a research report on Thursday, April 18th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Piper Jaffray Companies downgraded shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.80.

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Triumph Bancorp by 476.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after buying an additional 733 shares in the last quarter. Advisor Group Inc. increased its stake in Triumph Bancorp by 84.0% during the fourth quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 419 shares during the last quarter. Bank of Montreal Can increased its stake in Triumph Bancorp by 49.3% during the first quarter. Bank of Montreal Can now owns 1,372 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 453 shares during the last quarter. US Bancorp DE increased its stake in Triumph Bancorp by 21.9% during the first quarter. US Bancorp DE now owns 2,518 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 453 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in Triumph Bancorp by 414.0% during the fourth quarter. LS Investment Advisors LLC now owns 3,598 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,898 shares during the last quarter. 80.12% of the stock is currently owned by institutional investors.

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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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