Triumph Bancorp, Inc. (NASDAQ:TBK) Sees Significant Increase in Short-Term Interest
Triumph Bancorp, Inc. (NASDAQ:TBK – Get a rating) recorded a significant increase in short-term interest in April. As of April 15, there was short interest totaling 1,130,000 shares, an increase of 39.1% from the March 31 total of 812,300 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average trading volume of 221,600 shares, the short interest ratio is currently 5.1 days.
In other Triumph Bancorp News, Director Harrison B. Barnes bought 1,000 shares of the company in a transaction dated Friday, February 11. The stock was purchased at an average cost of $94.86 per share, with a total value of $94,860.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Insiders hold 5.30% of the shares of the company.
Several institutional investors have recently increased or reduced their stake in TBK. USA Financial Portformulas Corp bought a new equity stake in Triumph Bancorp during Q4, valued at around $31,000. CENTRAL TRUST Co increased its stake in shares of Triumph Bancorp by 100.4% during the 4th quarter. CENTRAL TRUST Co now owns 545 shares of the financial services provider valued at $65,000 after buying an additional 273 shares last quarter. Commonwealth Equity Services LLC purchased a new equity stake in Triumph Bancorp during Q3, valued at approximately $227,000. Profund Advisors LLC purchased a new equity stake in Triumph Bancorp during Q3, valued at approximately $228,000. Finally, Steward Financial Group LLC purchased a new equity stake in Triumph Bancorp during Q4, valued at approximately $238,000. 80.83% of the shares are held by hedge funds and other institutional investors.
Shares of Triumph Bancorp stock traded at $1.14 on Friday, reaching $69.44. 265,226 shares of the company were traded, against an average volume of 300,838. Triumph Bancorp has a 52-week low of $66.69 and a 52-week high of $136.01. The company has a 50-day moving average of $87.87 and a 200-day moving average of $104.83. The company has a market capitalization of $1.75 billion, a PE ratio of 17.49 and a beta of 0.95. The company has a debt ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09.
Triumph Bancorp (NASDAQ:TBK – Get a rating) last released its results on Wednesday, April 20. The financial services provider reported earnings per share of $0.93 for the quarter, missing the Zacks consensus estimate of $1.02 per ($0.09). Triumph Bancorp had a net margin of 22.77% and a return on equity of 13.30%. In the same quarter of the previous year, the company achieved EPS of $1.32. As a group, analysts expect Triumph Bancorp to post earnings per share of 3.92 for the current year.
Several equity research analysts have recently commented on TBK shares. StockNews.com began covering Triumph Bancorp shares in a research report on Thursday, March 31. They set a “sell” rating for the company. B. Riley cut his price target on Triumph Bancorp shares from $152.00 to $142.00 and set a “buy” rating for the company in a Tuesday, April 12 research report. Raymond James cut his price target on Triumph Bancorp shares from $132.00 to $125.00 and set a “strong buy” rating for the company in a Friday, April 22 research report. Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” to a “hold” rating in a Tuesday, April 26 research report. Finally, Wells Fargo & Company cut its price target on Triumph Bancorp shares from $107.00 to $90.00 and set an “equal weight” rating for the company in a Friday, April 22 research report. . One stock research analyst gave the stock a sell rating, four gave the stock a hold rating, one gave the stock a buy rating and one gave the stock a high buy rating. society. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.85.
About Triumph Bancorp (Get a rating)
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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