Don't Ignore The Fact That This Insider Just Sold Some Shares In Triumph Bancorp, Inc. (NASDAQ:TBK)

Some Triumph Bancorp, Inc. (NASDAQ:TBK) shareholders may be a little concerned to see that the Founder, Aaron Graft, recently sold a substantial US$1.7m worth of stock at a price of US$62.53 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 9.6%.

View our latest analysis for Triumph Bancorp

Triumph Bancorp Insider Transactions Over The Last Year

The Independent Chairman, Carlos Sepulveda, made the biggest insider sale in the last 12 months. That single transaction was for US$4.6m worth of shares at a price of US$45.70 each. That means that an insider was selling shares at slightly below the current price (US$58.09). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 19% of Carlos Sepulveda's holding.

Over the last year, we can see that insiders have bought 57.23k shares worth US$1.4m. On the other hand they divested 229.40k shares, for US$11m. Over the last year we saw more insider selling of Triumph Bancorp shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Triumph Bancorp Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Triumph Bancorp insiders own 8.2% of the company, worth about US$124m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Triumph Bancorp Tell Us?

Insiders haven't bought Triumph Bancorp stock in the last three months, but there was some selling. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that Triumph Bancorp is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Triumph Bancorp. While conducting our analysis, we found that Triumph Bancorp has 1 warning sign and it would be unwise to ignore it.

Of course Triumph Bancorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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