Triumph Bancorp (NASDAQ:TBK) – Equities research analysts at Piper Jaffray decreased their Q1 2018 earnings per share (EPS) estimates for Triumph Bancorp in a note issued to investors on Friday, April 13th. Piper Jaffray analyst B. Rabatin now anticipates that the financial services provider will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.60. Piper Jaffray has a “Buy” rating and a $51.00 price target on the stock.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine cut Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Wells Fargo cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a report on Thursday, April 5th. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Triumph Bancorp currently has an average rating of “Buy” and an average target price of $39.78.
TBK opened at $39.80 on Monday. Triumph Bancorp has a 12-month low of $20.50 and a 12-month high of $44.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $1,030.01, a PE ratio of 25.35, a PEG ratio of 1.35 and a beta of 0.92.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $49.79 million during the quarter, compared to analysts’ expectations of $48.74 million.
Hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its holdings in Triumph Bancorp by 32.0% during the 3rd quarter. Nationwide Fund Advisors now owns 35,649 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 8,642 shares during the period. Swiss National Bank purchased a new stake in Triumph Bancorp during the 4th quarter valued at about $942,000. Envestnet Asset Management Inc. boosted its holdings in Triumph Bancorp by 16,312.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,084 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 15,986 shares during the period. Kennedy Capital Management Inc. boosted its holdings in Triumph Bancorp by 1.6% during the 4th quarter. Kennedy Capital Management Inc. now owns 227,404 shares of the financial services provider’s stock valued at $7,163,000 after acquiring an additional 3,619 shares during the period. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in Triumph Bancorp during the 4th quarter valued at about $795,000. Institutional investors own 51.38% 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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