Wall Street analysts expect Triumph Bancorp, Inc. (NASDAQ:TBK) to post earnings of $0.46 per share for the current quarter, according to Zacks. Three analysts have made estimates for Triumph Bancorp’s earnings, with estimates ranging from $0.45 to $0.48. Triumph Bancorp posted earnings per share of $0.33 in the same quarter last year, which suggests a positive year-over-year growth rate of 39.4%. The firm is scheduled to report its next quarterly earnings results on Monday, January 22nd.
According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $1.98 per share for the current year, with EPS estimates ranging from $1.96 to $2.00. For the next financial year, analysts expect that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.07 to $2.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%.
Several research firms have commented on TBK. BidaskClub cut Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. FBR & Co restated a “neutral” rating and issued a $32.00 price target (up previously from $29.00) on shares of Triumph Bancorp in a report on Tuesday, October 10th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Thursday, September 28th. Piper Jaffray Companies cut Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Friday, October 6th. Finally, Stephens reiterated an “overweight” rating and set a $34.00 target price on shares of Triumph Bancorp in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.14.
Shares of Triumph Bancorp (NASDAQ TBK) opened at $33.10 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $705.83, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $34.90.
In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 6,504 shares of company stock worth $195,094. 12.35% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Triumph Bancorp by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,336 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 428 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Triumph Bancorp by 5.0% in the 2nd quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 594 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Triumph Bancorp by 17.6% in the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 641 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Triumph Bancorp by 2.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 56,208 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 1,570 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Triumph Bancorp by 24.3% in the 2nd quarter. New York State Common Retirement Fund now owns 16,900 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 3,299 shares during the last quarter. Institutional investors and hedge funds own 61.04% of the company’s stock.
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About Triumph Bancorp
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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