Insider Selling: CEO of Triumph Bancorp, Inc. (NASDAQ:TBK) Sells $180,000.00 in Shares
Triumph Bancorp, Inc. (NASDAQ:TBK – Get a rating) CEO Aaron P. Graft sold 2,500 shares of Triumph Bancorp in a trade that took place on Wednesday, August 10. The stock was sold at an average price of $72.00, for a total value of $180,000.00. As a result of the transaction, the CEO now directly owns 248,107 shares of the company, valued at approximately $17,863,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website.
Triumph Bancorp is trading up 2.9%
NASDAQ:TBK opened at $75.68 on Monday. The company has a market capitalization of $1.85 billion, a P/E ratio of 16.35 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt ratio of 0.05. The stock’s 50-day simple moving average is $67.43 and its 200-day simple moving average is $77.97. Triumph Bancorp, Inc. has a 12-month low of $60.02 and a 12-month high of $136.01.
Triumph Bancorp (NASDAQ:TBK – Get a rating) last released its quarterly results on Wednesday, July 20. The financial services provider reported earnings per share of $1.74 for the quarter, beating consensus analyst estimates of $0.85 from $0.89. Triumph Bancorp had a return on equity of 12.01% and a net margin of 23.92%. During the same period of the previous year, the company achieved EPS of $1.17. Equity analysts expect Triumph Bancorp, Inc. to post EPS of 3.88 for the current year.
Wall Street analysts predict growth
TBK has been the subject of several research analyst reports. Raymond James cut his price target on Triumph Bancorp from $125.00 to $94.00 and set a “Strong Buy” rating on the stock in a Thursday, July 7 research report. B. Riley reduced his price target on Triumph Bancorp from $142.00 to $113.00 in a Monday July 11 research report. Wells Fargo & Company cut its price target on Triumph Bancorp from $107.00 to $90.00 and set an “equal weight” rating on the stock in a Friday, April 22 research report. StockNews.com upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a Friday, July 22 report. Finally, Stephens raised its target price on Triumph Bancorp to $76.00 in a Friday July 22 report. Three investment analysts gave the stock a hold rating, one gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.60.
Triumph Bancorp Institutional Trading
Institutional investors have recently changed their stake in the company. Geode Capital Management LLC increased its stake in shares of Triumph Bancorp by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 410,537 shares of the financial services provider valued at $48,886,000 after purchasing an additional 7,043 shares last quarter. New Jersey State Joint Pension Fund D purchased a new stake in Triumph Bancorp during the fourth quarter at a value of $2,563,000. John W. Rosenthal Capital Management Inc. increased its position in Triumph Bancorp by 92.5% during the first quarter. John W. Rosenthal Capital Management Inc. now owns 26,275 shares of the financial services provider worth $2,470,000 after buying an additional 12,625 shares last quarter. USA Financial Portformulas Corp acquired a new stake in Triumph Bancorp during the fourth quarter at a value of $31,000. Finally, Shell Asset Management Co. bought a new stake in Triumph Bancorp during the first quarter at a value of $236,000. 85.69% of the shares are currently held by hedge funds and other institutional investors.
About Triumph Bancorp
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB which provides various banking and commercial products and services to retail and small and medium business customers in the United States. The Company operates through four segments: Banking, Factoring, Payments and Corporate.
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