Equities research analysts predict that Triumph Bancorp Inc (NASDAQ:TBK) will report sales of $74.66 million for the current quarter, according to Zacks. Four analysts have made estimates for Triumph Bancorp’s earnings, with the highest sales estimate coming in at $75.80 million and the lowest estimate coming in at $73.57 million. Triumph Bancorp reported sales of $67.84 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The firm is expected to announce its next earnings report on Wednesday, October 16th.
On average, analysts expect that Triumph Bancorp will report full year sales of $291.78 million for the current year, with estimates ranging from $289.27 million to $294.90 million. For the next financial year, analysts expect that the business will post sales of $331.09 million, with estimates ranging from $323.72 million to $339.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The company had revenue of $71.04 million for the quarter, compared to the consensus estimate of $70.02 million. During the same period in the previous year, the business earned $0.50 earnings per share.
TBK has been the topic of several recent research reports. B. Riley set a $33.00 target price on Triumph Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd. Piper Jaffray Companies cut Triumph Bancorp from an “overweight” rating to a “neutral” rating in a research report on Monday, April 22nd. BidaskClub cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. ValuEngine raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.60.
In related news, Director Robert Dobrient acquired 1,000 shares of Triumph Bancorp stock in a transaction on Tuesday, June 11th. The stock was acquired at an average price of $28.76 per share, for a total transaction of $28,760.00. Following the purchase, the director now owns 64,282 shares of the company’s stock, valued at approximately $1,848,750.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carlos M. Sepulveda acquired 3,500 shares of Triumph Bancorp stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $27.71 per share, with a total value of $96,985.00. The disclosure for this purchase can be found here. Insiders purchased a total of 6,000 shares of company stock valued at $169,620 in the last 90 days. 8.54% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Triumph Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 891,542 shares of the financial services provider’s stock valued at $26,479,000 after buying an additional 52,937 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Triumph Bancorp by 94.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 647,036 shares of the financial services provider’s stock valued at $18,797,000 after acquiring an additional 313,783 shares during the period. Banc Funds Co. LLC grew its position in shares of Triumph Bancorp by 20.2% during the 2nd quarter. Banc Funds Co. LLC now owns 484,661 shares of the financial services provider’s stock valued at $14,079,000 after acquiring an additional 81,361 shares during the period. Northern Trust Corp grew its position in shares of Triumph Bancorp by 1.0% during the 2nd quarter. Northern Trust Corp now owns 307,176 shares of the financial services provider’s stock valued at $8,923,000 after acquiring an additional 3,069 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Triumph Bancorp by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 274,200 shares of the financial services provider’s stock valued at $8,143,000 after acquiring an additional 36,287 shares during the period. Institutional investors and hedge funds own 79.93% of the company’s stock.
Shares of NASDAQ TBK traded up $0.57 during midday trading on Friday, hitting $29.60. The company’s stock had a trading volume of 69,488 shares, compared to its average volume of 155,031. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $29.58. Triumph Bancorp has a 12-month low of $27.21 and a 12-month high of $44.70. The firm has a market capitalization of $772.80 million, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.30 and a beta of 1.11.
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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