Triumph Bancorp (NASDAQ:TBK) released its quarterly earnings data on Tuesday. The financial services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05, Briefing.com reports. Triumph Bancorp had a net margin of 17.86% and a return on equity of 9.36%. During the same period in the prior year, the firm earned $0.67 earnings per share.
Shares of TBK opened at $38.48 on Wednesday. Triumph Bancorp has a 1 year low of $27.21 and a 1 year high of $39.41. The company has a market cap of $970.95 million, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $38.00 and a 200-day moving average of $33.05.
In other Triumph Bancorp news, Director Michael P. Rafferty purchased 1,500 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $32.60 per share, for a total transaction of $48,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron P. Graft sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $35.68, for a total transaction of $214,080.00. The disclosure for this sale can be found here. Insiders own 8.54% of the company’s stock.
Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Stephens reissued a “hold” rating and set a $34.00 price target on shares of Triumph Bancorp in a report on Thursday, October 17th. Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 10th. B. Riley boosted their price target on shares of Triumph Bancorp from $35.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Finally, BidaskClub downgraded shares of Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.00.
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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