Triumph Bancorp Inc (NASDAQ:TBK) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,360,000 shares, a decrease of 13.9% from the December 15th total of 1,580,000 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average trading volume of 137,600 shares, the days-to-cover ratio is presently 9.9 days.

In other Triumph Bancorp news, CEO Aaron P. Graft sold 3,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $32.51, for a total transaction of $113,785.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Rafferty bought 1,500 shares of Triumph Bancorp stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $32.60 per share, with a total value of $48,900.00. The disclosure for this purchase can be found here. 8.54% of the stock is owned by corporate insiders.

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

TBK has been the subject of a number of research analyst reports. ValuEngine cut Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Zacks Investment Research raised Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday. B. Riley increased their target price on Triumph Bancorp from $35.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Stephens reissued a “hold” rating and set a $34.00 target price on shares of Triumph Bancorp in a report on Thursday, October 17th. Finally, BidaskClub cut Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Triumph Bancorp currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of TBK stock traded up $0.24 during trading hours on Tuesday, reaching $38.19. The company had a trading volume of 91,100 shares, compared to its average volume of 95,922. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $37.65 and a 200-day moving average of $32.72. The company has a market capitalization of $952.94 million, a price-to-earnings ratio of 17.28, a PEG 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.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $72.51 million during 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 period in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that Triumph Bancorp will post 2.19 EPS for the current 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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