Triumph Bancorp Inc (TBK) EVP Sells $227,040.00 in Stock

Triumph Bancorp Inc (NASDAQ:TBK) EVP Adam D. Nelson sold 6,000 shares of Triumph Bancorp stock in a transaction on Friday, November 30th. The shares were sold at an average price of $37.84, for a total value of $227,040.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ TBK opened at $34.99 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $935.30 million, a P/E ratio of 22.29, a P/E/G ratio of 1.60 and a beta of 0.94. Triumph Bancorp Inc has a 52-week low of $31.10 and a 52-week high of $44.70.

Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $67.80 million for the quarter, compared to analysts’ expectations of $67.43 million. Triumph Bancorp had a return on equity of 10.07% and a net margin of 15.39%. The company’s quarterly revenue was up 55.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. As a group, research analysts expect that Triumph Bancorp Inc will post 2.23 EPS for the current fiscal year.

Several brokerages have recently issued reports on TBK. BidaskClub cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Stephens reiterated a “buy” rating and set a $45.00 price target on shares of Triumph Bancorp in a research report on Monday, October 22nd. Wells Fargo & Co set a $42.00 price target on Triumph Bancorp and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Finally, B. Riley lifted their price target on Triumph Bancorp from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Triumph Bancorp by 28.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,391,825 shares of the financial services provider’s stock worth $53,167,000 after acquiring an additional 307,629 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Triumph Bancorp by 1,279.1% in the 3rd quarter. Legal & General Group Plc now owns 51,550 shares of the financial services provider’s stock worth $1,977,000 after acquiring an additional 47,812 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its holdings in shares of Triumph Bancorp by 46.7% in the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 10,976 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 3,495 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Triumph Bancorp by 2.3% in the 3rd quarter. Teachers Advisors LLC now owns 74,786 shares of the financial services provider’s stock worth $2,857,000 after acquiring an additional 1,716 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Triumph Bancorp in the 3rd quarter worth $340,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

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About Triumph Bancorp

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.

Further Reading: Average Daily Trade Volume Explained

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

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