Analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to report $0.70 earnings per share for the current quarter, Zacks reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.66. Triumph Bancorp reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 62.8%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, January 22nd.
On average, analysts expect that Triumph Bancorp will report full year earnings of $2.23 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.27. For the next financial year, analysts forecast that the company will report earnings of $3.17 per share, with EPS estimates ranging from $2.95 to $3.31. Zacks’ EPS calculations are an average based on a survey of research firms that follow Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Triumph Bancorp had a return on equity of 10.07% and a net margin of 15.39%. The firm had revenue of $67.80 million during the quarter, compared to analysts’ expectations of $67.43 million. During the same period in the previous year, the firm posted $0.47 EPS. Triumph Bancorp’s revenue for the quarter was up 55.1% on a year-over-year basis.
Several research firms recently commented on TBK. Zacks Investment Research cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. BidaskClub raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Finally, B. Riley boosted their target price on Triumph Bancorp from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $46.43.
TBK opened at $32.40 on Monday. Triumph Bancorp has a 12 month low of $27.47 and a 12 month high of $44.70. The firm has a market cap of $812.57 million, a P/E ratio of 20.64, a P/E/G ratio of 0.98 and a beta of 1.23. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06.
In other news, CEO Aaron P. Graft sold 10,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $37.84, for a total transaction of $378,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam D. Nelson sold 6,000 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. lifted its holdings in shares of Triumph Bancorp by 1,234.8% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 5,566 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 5,149 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Triumph Bancorp in the 3rd quarter worth approximately $220,000. State of Alaska Department of Revenue grew its holdings in shares of Triumph Bancorp by 6.5% in the 4th quarter. State of Alaska Department of Revenue now owns 8,076 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 496 shares during the period. LPL Financial LLC grew its holdings in Triumph Bancorp by 27.6% during the 3rd quarter. LPL Financial LLC now owns 6,416 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,387 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Triumph Bancorp during the 4th quarter valued at $259,000. 84.17% of the stock is owned by institutional investors and hedge funds.
About Triumph Bancorp
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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