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Triumph Bancorp (TBK) Insiders Make Significant Share Sales

05/10/2021 18:21

10:20 PM EDT, 05/10/2021 (MT Newswires) -- A substantial level of insider sales in Triumph Bancorp was revealed in form 4 documents filed with the SEC today. Two insiders -- Carlos M Sepulveda, Director, and Aaron P Graft, Director and Officer -- disposed of 50,000 shares in the company having a market value of approximately $4,518,901. These are the first insider buy/sell trades in the past 90 days. Adding the most recent activity to this 90-day history indicates insider trades have averaged 25,000 shares per transaction.

Today's Insider Activity

Compared to its peers over the last 90 days, insider buy/sell trading at Triumph Bancorp is greater than the 212-company peer group average. Corporate Banks peer group saw 309 buy/sell trades during this period for an average of 1.5 transactions per company. The number of shares per buy/sell trade for Triumph Bancorp insiders was also higher. Within the peer group there were 309,611 shares purchased and 1,820,490 shares sold with company insiders having sold 4,890 shares on average.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.