Insider Buying: Triumph Bancorp Inc (TBK) Director Acquires 1,500 Shares of Stock

Triumph Bancorp Inc (NASDAQ:TBK) Director Richard Loren Davis bought 1,500 shares of the business’s stock in a transaction on Monday, October 29th. The shares were purchased at an average cost of $35.31 per share, with a total value of $52,965.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of TBK traded down $0.02 during trading hours on Wednesday, reaching $35.86. 172,830 shares of the company traded hands, compared to its average volume of 226,031. The firm has a market capitalization of $891.41 million, a P/E ratio of 22.84, a P/E/G ratio of 1.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. Triumph Bancorp Inc has a 1-year low of $28.45 and a 1-year high of $44.70.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $67.80 million during the quarter, compared to analyst estimates of $67.43 million. Triumph Bancorp had a net margin of 15.39% and a return on equity of 10.07%. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. As a group, equities analysts forecast that Triumph Bancorp Inc will post 2.25 earnings per share for the current year.

TBK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, July 3rd. B. Riley upped their price objective on shares of Triumph Bancorp from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, September 21st. DA Davidson upped their price objective on shares of Triumph Bancorp from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. Stephens reaffirmed a “buy” rating and set a $46.00 price objective on shares of Triumph Bancorp in a research report on Thursday, July 19th. Finally, ValuEngine lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $46.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association raised its position in shares of Triumph Bancorp by 31.7% during the second quarter. United Services Automobile Association now owns 7,224 shares of the financial services provider’s stock valued at $294,000 after buying an additional 1,740 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Triumph Bancorp by 33.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,958 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 1,993 shares during the period. Voya Investment Management LLC increased its stake in Triumph Bancorp by 30.6% in the second quarter. Voya Investment Management LLC now owns 8,528 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 1,999 shares during the period. Suffolk Capital Management LLC increased its stake in Triumph Bancorp by 12.8% in the second quarter. Suffolk Capital Management LLC now owns 24,118 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 2,741 shares during the period. Finally, Raymond James & Associates increased its stake in Triumph Bancorp by 45.8% in the second quarter. Raymond James & Associates now owns 8,747 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 2,747 shares during the period. 76.55% of the stock is owned by institutional investors and hedge funds.

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

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