Brokerages expect Triumph Bancorp Inc (NASDAQ:TBK) to post sales of $51.82 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Triumph Bancorp’s earnings. The lowest sales estimate is $51.30 million and the highest is $52.33 million. Triumph Bancorp reported sales of $59.10 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.3%. The firm is expected to report its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that Triumph Bancorp will report full year sales of $51.82 million for the current fiscal year, with estimates ranging from $221.50 million to $229.86 million. For the next year, analysts forecast that the business will report sales of $253.76 million per share, with estimates ranging from $246.03 million to $264.84 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. The firm had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million.
TBK has been the topic of a number of recent research reports. FBR & Co restated a “hold” rating and set a $32.00 price objective on shares of Triumph Bancorp in a research note on Monday, October 23rd. Zacks Investment Research downgraded Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $37.00 target price on shares of Triumph Bancorp in a report on Thursday, December 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $35.00 target price on shares of Triumph Bancorp in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Triumph Bancorp presently has an average rating of “Buy” and an average target price of $37.11.
Several hedge funds have recently modified their holdings of the business. Phocas Financial Corp. boosted its holdings in shares of Triumph Bancorp by 108.6% in the 4th quarter. Phocas Financial Corp. now owns 333,678 shares of the financial services provider’s stock valued at $10,511,000 after purchasing an additional 173,725 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Triumph Bancorp in the 4th quarter valued at $236,000. Millennium Management LLC boosted its holdings in shares of Triumph Bancorp by 3.1% during the 4th quarter. Millennium Management LLC now owns 267,893 shares of the financial services provider’s stock valued at $8,439,000 after acquiring an additional 8,051 shares in the last quarter. Forest Hill Capital LLC boosted its holdings in shares of Triumph Bancorp by 40.5% during the 4th quarter. Forest Hill Capital LLC now owns 170,332 shares of the financial services provider’s stock valued at $5,365,000 after acquiring an additional 49,139 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Triumph Bancorp by 1.9% during the 4th quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock valued at $2,256,000 after acquiring an additional 1,360 shares in the last quarter. 61.20% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Bancorp (TBK) traded up $1.80 during trading on Friday, reaching $40.60. The company’s stock had a trading volume of 174,600 shares, compared to its average volume of 139,748. Triumph Bancorp has a 12-month low of $20.50 and a 12-month high of $41.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $845.53, a price-to-earnings ratio of 22.31, a PEG ratio of 1.38 and a beta of 1.04.
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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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