Equities research analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to report earnings of $0.61 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.59. Triumph Bancorp posted earnings per share of $0.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.32 to $2.44. For the next year, analysts anticipate that the firm will report earnings of $3.31 per share, with EPS estimates ranging from $3.23 to $3.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Triumph Bancorp had a net margin of 17.55% and a return on equity of 10.51%. The company had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $56.86 million.
Several research analysts have commented on TBK shares. BidaskClub raised Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. B. Riley lifted their target price on Triumph Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. ValuEngine lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Zacks Investment Research lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Stephens reissued a “buy” rating and issued a $46.00 price objective on shares of Triumph Bancorp in a report on Thursday, July 19th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $42.11.
In other Triumph Bancorp news, Director C Todd Sparks acquired 3,000 shares of Triumph Bancorp stock in a transaction dated Friday, July 27th. The stock was acquired at an average cost of $38.75 per share, for a total transaction of $116,250.00. Following the completion of the transaction, the director now owns 46,169 shares in the company, valued at approximately $1,789,048.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron P. Graft sold 135,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders have bought 4,350 shares of company stock valued at $168,885. Insiders own 9.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TBK. BlackRock Inc. increased its holdings in shares of Triumph Bancorp by 60.4% in the second quarter. BlackRock Inc. now owns 1,661,319 shares of the financial services provider’s stock valued at $67,698,000 after buying an additional 625,290 shares in the last quarter. Hodges Capital Management Inc. raised its stake in Triumph Bancorp by 146.5% during the 2nd quarter. Hodges Capital Management Inc. now owns 833,817 shares of the financial services provider’s stock valued at $33,978,000 after purchasing an additional 495,552 shares during the period. Dimensional Fund Advisors LP raised its stake in Triumph Bancorp by 28.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 784,564 shares of the financial services provider’s stock valued at $31,971,000 after purchasing an additional 174,755 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in Triumph Bancorp by 174.0% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 700,550 shares of the financial services provider’s stock valued at $28,547,000 after purchasing an additional 444,844 shares during the period. Finally, Emerald Advisers Inc. PA acquired a new stake in Triumph Bancorp during the 2nd quarter valued at $19,219,000. Institutional investors and hedge funds own 55.61% of the company’s stock.
Triumph Bancorp traded down $0.35, hitting $41.85, during mid-day trading on Friday, Marketbeat.com reports. The company had a trading volume of 220,700 shares, compared to its average volume of 572,176. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. Triumph Bancorp has a 1 year low of $26.80 and a 1 year high of $44.05. The firm has a market capitalization of $1.11 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85.
Triumph Bancorp Company Profile
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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