JCSD Capital LLC Sells 52,200 Shares of Triumph Bancorp Inc (TBK)

JCSD Capital LLC lowered its stake in Triumph Bancorp Inc (NASDAQ:TBK) by 51.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,000 shares of the financial services provider’s stock after selling 52,200 shares during the quarter. Triumph Bancorp makes up about 1.5% of JCSD Capital LLC’s holdings, making the stock its 25th biggest position. JCSD Capital LLC owned about 0.19% of Triumph Bancorp worth $2,060,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Triumph Bancorp by 14.4% during the 4th quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock worth $33,060,000 after purchasing an additional 132,407 shares during the period. Banc Funds Co. LLC lifted its stake in shares of Triumph Bancorp by 3.2% during the 4th quarter. Banc Funds Co. LLC now owns 411,100 shares of the financial services provider’s stock worth $12,950,000 after purchasing an additional 12,800 shares during the period. Phocas Financial Corp. lifted its stake in shares of Triumph Bancorp by 108.6% during the 4th quarter. Phocas Financial Corp. now owns 333,678 shares of the financial services provider’s stock worth $10,511,000 after purchasing an additional 173,725 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after purchasing an additional 99,641 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Triumph Bancorp by 3.1% during the 4th quarter. Millennium Management LLC now owns 267,893 shares of the financial services provider’s stock worth $8,439,000 after purchasing an additional 8,051 shares during the period. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Aaron P. Graft sold 135,000 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $39.50, for a total value of $5,332,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Rafferty purchased 750 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was bought at an average price of $39.70 per share, with a total value of $29,775.00. The disclosure for this purchase can be found here. 9.40% of the stock is currently owned by corporate insiders.

TBK has been the subject of a number of research analyst reports. B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $42.00 in a report on Tuesday, January 23rd. Piper Jaffray restated a “buy” rating and set a $49.00 price objective on shares of Triumph Bancorp in a report on Thursday, March 15th. Wells Fargo downgraded Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a report on Thursday, April 5th. Sandler O’Neill restated a “buy” rating and set a $41.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 23rd. Finally, ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.78.

Shares of Triumph Bancorp opened at $40.50 on Friday, according to MarketBeat.com. Triumph Bancorp Inc has a 12-month low of $40.35 and a 12-month high of $40.50. The firm has a market capitalization of $1.07 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, April 18th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.06). Triumph Bancorp had a net margin of 17.71% and a return on equity of 11.67%. The company had revenue of $52.30 million during the quarter, compared to analyst estimates of $52.34 million. analysts forecast that Triumph Bancorp Inc will post 2.39 earnings per share 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.

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

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