Triumph Bancorp Inc (NASDAQ:TBK) – Analysts at B. Riley boosted their Q1 2018 earnings per share estimates for Triumph Bancorp in a research note issued to investors on Thursday, according to Zacks Investment Research. B. Riley analyst S. Moss now forecasts that the financial services provider will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.41. B. Riley has a “Buy” rating and a $42.00 price objective on the stock. B. Riley also issued estimates for Triumph Bancorp’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.72 EPS and Q4 2019 earnings at $0.84 EPS.
A number of other research firms have also recently weighed in on TBK. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, December 22nd. BidaskClub cut Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Piper Jaffray Companies restated a “hold” rating and issued a $35.00 price target on shares of Triumph Bancorp in a report on Tuesday, January 9th. Wells Fargo & Co set a $35.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Sandler O’Neill restated a “buy” rating and issued a $41.00 price target on shares of Triumph Bancorp in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $37.11.
Shares of Triumph Bancorp (NASDAQ TBK) traded down $1.05 during mid-day trading on Friday, hitting $37.30. The stock had a trading volume of 161,771 shares, compared to its average volume of 133,478. The stock has a market cap of $798.46, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $39.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.
Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The business had revenue of $49.79 million during the quarter, compared to the consensus estimate of $48.74 million. Triumph Bancorp had a return on equity of 9.81% and a net margin of 16.62%.
In related news, Director Maribess L. Miller bought 5,504 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $163,854.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.35% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Triumph Bancorp by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock worth $16,431,000 after purchasing an additional 19,502 shares during the period. Hodges Capital Management Inc. lifted its stake in shares of Triumph Bancorp by 160.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock worth $12,491,000 after purchasing an additional 238,570 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after purchasing an additional 99,641 shares during the period. Banc Funds Co. LLC lifted its stake in shares of Triumph Bancorp by 46.7% during the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock worth $7,323,000 after purchasing an additional 95,000 shares during the period. Finally, State Street Corp lifted its stake in shares of Triumph Bancorp by 7.4% during the 2nd quarter. State Street Corp now owns 262,930 shares of the financial services provider’s stock worth $6,452,000 after purchasing an additional 18,159 shares during the period. 60.73% of the stock is currently owned by institutional investors.
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Triumph Bancorp Company Profile
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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