US Bancorp DE Cuts Stock Holdings in Triumph Bancorp, Inc. (NASDAQ:TBK)

US Bancorp DE lowered its holdings in shares of Triumph Bancorp, Inc. (NASDAQ:TBKGet Rating) by 1.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,681 shares of the financial services provider’s stock after selling 378 shares during the quarter. US Bancorp DE’s holdings in Triumph Bancorp were worth $1,850,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its stake in Triumph Bancorp by 9.4% in the 1st quarter. American Century Companies Inc. now owns 478,373 shares of the financial services provider’s stock worth $44,977,000 after buying an additional 41,053 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Triumph Bancorp by 33.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,228 shares of the financial services provider’s stock worth $586,000 after buying an additional 1,564 shares during the period. State of Tennessee Treasury Department increased its stake in Triumph Bancorp by 64.3% in the 1st quarter. State of Tennessee Treasury Department now owns 18,900 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 7,399 shares during the period. Raymond James & Associates increased its stake in Triumph Bancorp by 206.2% in the 1st quarter. Raymond James & Associates now owns 18,768 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 12,638 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Triumph Bancorp by 25.3% in the 1st quarter. JPMorgan Chase & Co. now owns 47,553 shares of the financial services provider’s stock worth $4,471,000 after buying an additional 9,616 shares during the period. Institutional investors own 87.42% of the company’s stock.

Triumph Bancorp Stock Down 1.6 %

Shares of Triumph Bancorp stock opened at $59.84 on Friday. The firm’s 50 day moving average price is $68.02 and its 200-day moving average price is $76.20. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. Triumph Bancorp, Inc. has a 52-week low of $59.45 and a 52-week high of $136.01. The company has a market cap of $1.46 billion, a P/E ratio of 12.98 and a beta of 1.15.

Triumph Bancorp (NASDAQ:TBKGet Rating) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Triumph Bancorp had a net margin of 23.92% and a return on equity of 12.01%. The firm had revenue of $125.29 million for the quarter, compared to the consensus estimate of $113.29 million. During the same quarter in the previous year, the firm earned $1.17 EPS. On average, sell-side analysts predict that Triumph Bancorp, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 2,500 shares of Triumph Bancorp stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $72.00, for a total value of $180,000.00. Following the completion of the sale, the chief executive officer now directly owns 248,107 shares in the company, valued at approximately $17,863,704. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Harrison B. Barnes bought 3,800 shares of the stock in a transaction that occurred on Monday, June 13th. The stock was bought at an average cost of $64.65 per share, for a total transaction of $245,670.00. Following the purchase, the director now directly owns 14,566 shares of the company’s stock, valued at $941,691.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron P. Graft sold 2,500 shares of Triumph Bancorp stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $72.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief executive officer now owns 248,107 shares of the company’s stock, valued at $17,863,704. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TBK shares. StockNews.com raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Piper Sandler cut their target price on shares of Triumph Bancorp to $80.00 in a research report on Friday, July 22nd. Raymond James cut their target price on shares of Triumph Bancorp from $125.00 to $94.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 7th. Stephens raised their target price on shares of Triumph Bancorp to $76.00 in a research report on Friday, July 22nd. Finally, B. Riley cut their target price on shares of Triumph Bancorp from $142.00 to $113.00 in a research report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Triumph Bancorp Company Profile

(Get Rating)

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate.

See Also

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Institutional Ownership by Quarter for Triumph Bancorp (NASDAQ:TBK)

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