Triumph Bancorp, Inc. (NASDAQ:TBK) Director Michael P. Rafferty bought 500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $30.84 per share, for a total transaction of $15,420.00. Following the transaction, the director now directly owns 24,196 shares in the company, valued at approximately $746,204.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Triumph Bancorp, Inc. (NASDAQ:TBK) remained flat at $$30.75 during mid-day trading on Friday. The stock had a trading volume of 75,225 shares, compared to its average volume of 76,926. The stock has a market cap of $639.20, a P/E ratio of 23.08 and a beta of 0.79.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. The company had revenue of $43.68 million for the quarter, compared to analysts’ expectations of $44.66 million. analysts expect that Triumph Bancorp, Inc. will post 1.47 earnings per share for the current year.

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Several analysts have issued reports on TBK shares. Zacks Investment Research cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. FBR & Co lowered Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price objective for the company. in a report on Friday, July 21st. Piper Jaffray Companies upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective for the company in a report on Friday, July 21st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a research note on Wednesday, August 9th. Finally, Stephens restated an “overweight” rating and issued a $34.00 target price on shares of Triumph Bancorp in a research note on Monday, August 21st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.14.

Several hedge funds have recently added to or reduced their stakes in TBK. Bank of America Corp DE raised its position in shares of Triumph Bancorp by 17.6% during the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares during the period. Citigroup Inc. raised its position in shares of Triumph Bancorp by 312.0% during the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,953 shares during the period. Principal Financial Group Inc. purchased a new stake in Triumph Bancorp in the second quarter valued at approximately $218,000. California Public Employees Retirement System purchased a new stake in Triumph Bancorp in the first quarter valued at approximately $219,000. Finally, Parametric Portfolio Associates LLC raised its position in Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 1,326 shares during the period. 46.00% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Bancorp

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.

Insider Buying and Selling by Quarter for Triumph Bancorp (NASDAQ:TBK)

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