Triumph Bancorp Inc (NASDAQ:TBK) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,360,000 shares, a drop of 13.9% from the December 15th total of 1,580,000 shares. Based on an average daily trading volume, of 137,600 shares, the short-interest ratio is currently 9.9 days. Approximately 5.9% of the company’s stock are sold short.

In other Triumph Bancorp news, CEO Aaron P. Graft sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.68, for a total value of $214,080.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael P. Rafferty purchased 1,500 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average price of $32.60 per share, for a total transaction of $48,900.00. The disclosure for this purchase can be found here. 8.54% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of TBK. Tower Research Capital LLC TRC grew its holdings in shares of Triumph Bancorp by 1,389.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,951 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,820 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Triumph Bancorp by 150.7% during the second quarter. Bank of Montreal Can now owns 3,440 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,068 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Triumph Bancorp during the second quarter worth about $325,000. Brinker Capital Inc. grew its holdings in shares of Triumph Bancorp by 6.6% during the third quarter. Brinker Capital Inc. now owns 12,230 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 755 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Triumph Bancorp by 24.5% during the second quarter. JPMorgan Chase & Co. now owns 15,658 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 3,082 shares during the last quarter. 74.14% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley raised their price target on Triumph Bancorp from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. ValuEngine lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 13th. BidaskClub lowered Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Stephens reaffirmed a “hold” rating and set a $34.00 price objective on shares of Triumph Bancorp in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Triumph Bancorp currently has an average rating of “Hold” and an average price target of $38.00.

Shares of TBK stock traded up $0.24 during mid-day trading on Tuesday, hitting $38.19. 91,100 shares of the stock were exchanged, compared to its average volume of 95,922. The stock’s fifty day simple moving average is $37.65 and its two-hundred day simple moving average is $32.72. The stock has a market capitalization of $952.94 million, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.30 and a beta of 1.13. Triumph Bancorp has a 12-month low of $27.21 and a 12-month high of $39.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The company had revenue of $72.51 million for the quarter, compared to analyst estimates of $74.07 million. Triumph Bancorp had a return on equity of 9.36% and a net margin of 17.86%. During the same quarter last year, the company posted $0.51 earnings per share. On average, research analysts expect that Triumph Bancorp will post 2.19 earnings per share for the current fiscal year.

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.

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