Equities analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to announce earnings per share (EPS) of $0.70 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Triumph Bancorp’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. Triumph Bancorp reported earnings per share of $0.43 in the same quarter last year, which would indicate a positive year-over-year growth rate of 62.8%. The company is expected to announce its next earnings report after the market closes on Tuesday, January 22nd.
According to Zacks, analysts expect that Triumph Bancorp will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.19 to $2.27. For the next fiscal year, analysts expect that the company will post earnings of $3.17 per share, with EPS estimates ranging from $2.95 to $3.31. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Triumph Bancorp.
Several equities research analysts have recently commented on TBK shares. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. Wells Fargo & Co set a $42.00 price objective on Triumph Bancorp and gave the company a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Stephens restated a “buy” rating and set a $45.00 price objective on shares of Triumph Bancorp in a report on Monday, October 22nd. Finally, ValuEngine downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.43.
TBK traded up $0.08 during trading on Monday, hitting $32.22. The company’s stock had a trading volume of 104,708 shares, compared to its average volume of 175,057. Triumph Bancorp has a twelve month low of $27.47 and a twelve month high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $846.73 million, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.
In other news, Director Richard Loren Davis purchased 1,500 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $35.31 per share, with a total value of $52,965.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron P. Graft sold 10,000 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.84, for a total value of $378,400.00. The disclosure for this sale can be found here. Corporate insiders own 9.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors Inc. lifted its position in shares of Triumph Bancorp by 1,234.8% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 5,566 shares of the financial services provider’s stock valued at $213,000 after buying an additional 5,149 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Triumph Bancorp during the 3rd quarter valued at $220,000. State of Alaska Department of Revenue lifted its holdings in Triumph Bancorp by 6.5% during 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 purchasing an additional 496 shares in the last quarter. LPL Financial LLC lifted 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 worth $245,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Triumph Bancorp during the 4th quarter worth about $259,000. 84.14% of the stock is currently owned by hedge funds and other institutional investors.
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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