Triumph Bancorp, Inc. (TBK) Files Form 4 Insider Buying : Charles A Anderson Buys 2,000 Shares

Triumph Bancorp, Inc. (TBK): Charles A Anderson , director of Triumph Bancorp, Inc. purchased 2,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.22 per share for a total value of $30,440.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Michael P Rafferty (director) purchased 2,500 shares at $15.35 per share price.On Nov 23, 2015, Justin N Trail (director) purchased 350 shares at $17.24 per share price.Also, On Jun 3, 2015, Robert Dobrient (director) purchased 1,500 shares at $12.40 per share price.On May 28, 2015, Raymond W Iii Sperring (Executive Vice President) purchased 1,000 shares at $12.92 per share price.

Triumph Bancorp Inc: On Wednesday, May 4, 2016 heightened volatility was witnessed in Triumph Bancorp Inc which led to swings in the share price. The shares opened for trading at $15.25 and hit $15.47 on the upside , eventually ending the session at $15.41, with a gain of 1.05% or 0.16 points. The heightened volatility saw the trading volume jump to 99,650 shares. The 52-week high of the share price is $18.518 and the company has a market cap of $278 M . The 52-week low of the share price is at $12.26.

Triumph Bancorp Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Triumph Bancorp Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $19. The Rating was issued on Mar 31, 2016.

Triumph Bancorp Inc. is a financial holding company. Through its two wholly owned bank subsidiaries Triumph Savings Bank SSB and Triumph Community Bank N.A. the Company offers traditional banking services as well as commercial finance products to businesses that require financial solutions. The Company operates in three business segments: Factoring Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services. The Banking segment includes the operations of Triumph Savings Bank and Triumph Community Bank. The Banking segment also includes certain factored receivables which are purchased by Triumph Savings Bank under its Triumph Commercial Finance brand. Corporate includes holding company financing and investment activities management and administrative expenses to support the overall operations of the Company and the asset management operations of Triumph Capital Advisors.

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