Triumph Bancorp Inc (NASDAQ:TBK) CEO Aaron P. Graft sold 10,000 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $37.84, for a total transaction of $378,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ TBK opened at $34.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. Triumph Bancorp Inc has a one year low of $31.10 and a one year high of $44.70. The company has a market capitalization of $935.30 million, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Triumph Bancorp had a net margin of 15.39% and a return on equity of 10.07%. The business had revenue of $67.80 million during the quarter, compared to analyst estimates of $67.43 million. During the same quarter last year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 55.1% compared to the same quarter last year. Equities research analysts anticipate that Triumph Bancorp Inc will post 2.23 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Triumph Bancorp by 111.0% in the third quarter. BlackRock Inc. now owns 3,505,351 shares of the financial services provider’s stock valued at $133,903,000 after purchasing an additional 1,844,032 shares during the period. Vanguard Group Inc. boosted its stake in shares of Triumph Bancorp by 28.4% in the third quarter. Vanguard Group Inc. now owns 1,391,825 shares of the financial services provider’s stock valued at $53,167,000 after purchasing an additional 307,629 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Triumph Bancorp by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 838,605 shares of the financial services provider’s stock valued at $32,035,000 after purchasing an additional 54,041 shares during the period. Brown Advisory Inc. boosted its stake in shares of Triumph Bancorp by 41.5% in the third quarter. Brown Advisory Inc. now owns 493,688 shares of the financial services provider’s stock valued at $18,860,000 after purchasing an additional 144,727 shares during the period. Finally, Peregrine Capital Management LLC purchased a new position in shares of Triumph Bancorp in the third quarter valued at approximately $16,939,000. 84.17% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on TBK shares. Stephens reaffirmed a “buy” rating and set a $45.00 target price on shares of Triumph Bancorp in a research note on Monday, October 22nd. B. Riley increased their target price on shares of Triumph Bancorp from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. DA Davidson increased their target price on shares of Triumph Bancorp from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, September 20th. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, September 19th. Finally, BidaskClub raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.00.
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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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