Insider Buying: Triumph Bancorp (TBK) Director Buys 750 Shares of Stock

Triumph Bancorp (NASDAQ:TBK) Director Michael P. Rafferty bought 750 shares of the business’s stock in a transaction on Monday, May 14th. The stock was purchased at an average price of $39.70 per share, with a total value of $29,775.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:TBK opened at $40.05 on Wednesday. Triumph Bancorp has a one year low of $39.10 and a one year high of $40.75. The firm has a market cap of $1.04 billion, a PE ratio of 19.36, a P/E/G ratio of 1.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.52 EPS 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 company had revenue of $52.30 million for the quarter, compared to analyst estimates of $52.34 million. equities research analysts expect that Triumph Bancorp will post 2.39 EPS for the current year.

Several large investors have recently made changes to their positions in TBK. Barclays PLC raised its stake in Triumph Bancorp by 132.4% during the 1st quarter. Barclays PLC now owns 6,459 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 3,680 shares during the period. A.R.T. Advisors LLC acquired a new stake in Triumph Bancorp during the 1st quarter valued at $431,000. UBS Group AG raised its stake in Triumph Bancorp by 466.6% during the 1st quarter. UBS Group AG now owns 28,580 shares of the financial services provider’s stock valued at $1,178,000 after purchasing an additional 23,536 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Triumph Bancorp during the 1st quarter valued at $118,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Triumph Bancorp by 33.4% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 33,680 shares of the financial services provider’s stock valued at $1,388,000 after purchasing an additional 8,440 shares during the period. Institutional investors own 50.35% of the company’s stock.

TBK has been the subject of a number of research analyst reports. BidaskClub upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Piper Jaffray upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 23rd. B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the company from $38.00 to $42.00 in a research report on Tuesday, January 23rd. Sandler O’Neill reiterated a “buy” rating and set a $41.00 price objective on shares of Triumph Bancorp in a research report on Tuesday, January 23rd. Finally, ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.78.

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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