Brokerages predict that Triumph Bancorp, Inc. (NASDAQ:TBK) will report sales of $48.74 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Triumph Bancorp’s earnings. The lowest sales estimate is $47.74 million and the highest is $49.78 million. Triumph Bancorp posted sales of $39.75 million in the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The company is expected to issue its next quarterly earnings results on Monday, January 22nd.
According to Zacks, analysts expect that Triumph Bancorp will report full year sales of $48.74 million for the current fiscal year, with estimates ranging from $174.40 million to $196.13 million. For the next financial year, analysts anticipate that the business will post sales of $219.01 million per share, with estimates ranging from $212.75 million to $222.49 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%.
TBK has been the subject of a number of research analyst reports. BidaskClub lowered shares of Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, July 11th. DA Davidson restated a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research note on Friday, October 20th. Wells Fargo & Company set a $35.00 price target on shares of Triumph Bancorp and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, FBR & Co restated a “hold” rating and issued a $32.00 price target on shares of Triumph Bancorp in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $34.14.
In other Triumph Bancorp news, Director Charles A. Anderson bought 2,000 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $27.66 per share, for a total transaction of $55,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have acquired 3,000 shares of company stock valued at $86,560. 12.35% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. increased its stake in Triumph Bancorp by 160.4% during the third quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock valued at $12,491,000 after purchasing an additional 238,570 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Triumph Bancorp by 24.9% during the third quarter. Wedge Capital Management L L P NC now owns 57,100 shares of the financial services provider’s stock valued at $1,841,000 after purchasing an additional 11,400 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Triumph Bancorp during the third quarter valued at $2,038,000. Emerald Mutual Fund Advisers Trust increased its stake in Triumph Bancorp by 252.5% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 139,610 shares of the financial services provider’s stock valued at $4,502,000 after purchasing an additional 100,000 shares during the last quarter. Finally, First Quadrant L P CA bought a new position in shares of Triumph Bancorp during the third quarter worth about $461,000. Hedge funds and other institutional investors own 46.00% of the company’s stock.
Shares of Triumph Bancorp (NASDAQ TBK) remained flat at $$30.75 during trading hours on Wednesday. The company’s stock had a trading volume of 87,002 shares, compared to its average volume of 83,874. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market cap of $640.24 million and a P/E ratio of 23.08. Triumph Bancorp has a 12 month low of $18.36 and a 12 month high of $33.00.
Triumph Bancorp Company Profile
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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