Brokerages predict that Triumph Bancorp Inc (NASDAQ:TBK) will announce earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.54. Triumph Bancorp posted earnings per share of $0.51 in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The business is expected to announce its next quarterly earnings results on Wednesday, October 16th.
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 $2.14 to $2.34. For the next fiscal year, analysts anticipate that the company will post earnings of $2.80 per share, with EPS estimates ranging from $2.67 to $2.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Triumph Bancorp had a net margin of 16.79% and a return on equity of 9.36%. The firm had revenue of $71.04 million for the quarter, compared to analysts’ expectations of $70.02 million. During the same period in the previous year, the firm posted $0.50 EPS.
A number of brokerages have issued reports on TBK. BidaskClub raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Zacks Investment Research downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Stephens reissued a “hold” rating and issued a $32.00 price target on shares of Triumph Bancorp in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.67.
TBK traded up $0.34 during trading on Friday, reaching $32.27. 228,293 shares of the company traded hands, compared to its average volume of 155,689. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. Triumph Bancorp has a 12-month low of $27.21 and a 12-month high of $42.75. The firm has a fifty day simple moving average of $30.11 and a 200 day simple moving average of $29.96. The company has a market cap of $836.74 million, a P/E ratio of 14.60, a PEG ratio of 1.43 and a beta of 1.12.
In other Triumph Bancorp news, Director Michael P. Rafferty bought 1,000 shares of Triumph Bancorp stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $27.94 per share, with a total value of $27,940.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.54% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of TBK. Bank of Montreal Can lifted its holdings in shares of Triumph Bancorp by 49.3% in the 1st quarter. Bank of Montreal Can now owns 1,372 shares of the financial services provider’s stock valued at $40,000 after buying an additional 453 shares during the period. Aperio Group LLC acquired a new stake in Triumph Bancorp in the second quarter worth $45,000. NEXT Financial Group Inc grew its holdings in Triumph Bancorp by 3,023.7% in the second quarter. NEXT Financial Group Inc now owns 1,843 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,784 shares during the period. Tower Research Capital LLC TRC grew its holdings in Triumph Bancorp by 1,389.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,951 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,820 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Triumph Bancorp by 85,800.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,154 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 5,148 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.
Triumph Bancorp Company Profile
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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