Triumph Bancorp, Inc. (TBK) Director Michael P. Rafferty Purchases 500 Shares
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.
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.
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