Wall Street brokerages expect Triumph Bancorp Inc (NASDAQ:TBK) to announce sales of $66.66 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Triumph Bancorp’s earnings, with the lowest sales estimate coming in at $62.59 million and the highest estimate coming in at $68.70 million. Triumph Bancorp posted sales of $43.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 52.6%. The company is expected to issue its next quarterly earnings report on Wednesday, October 17th.
On average, analysts expect that Triumph Bancorp will report full-year sales of $251.61 million for the current financial year, with estimates ranging from $247.08 million to $254.20 million. For the next financial year, analysts forecast that the firm will post sales of $318.88 million per share, with estimates ranging from $312.56 million to $323.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $58.20 million for the quarter, compared to analyst estimates of $56.86 million. Triumph Bancorp had a return on equity of 10.51% and a net margin of 17.55%.
Triumph Bancorp traded down $0.35, hitting $41.85, during midday trading on Tuesday, Marketbeat.com reports. 220,700 shares of the company were exchanged, compared to its average volume of 572,176. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. Triumph Bancorp has a fifty-two week low of $26.80 and a fifty-two week high of $44.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06.
In related news, EVP Daniel J. Karas sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $41.96, for a total value of $125,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael P. Rafferty purchased 750 shares of the stock in a transaction that occurred on Monday, May 14th. The stock was purchased at an average price of $39.70 per share, for a total transaction of $29,775.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 4,350 shares of company stock worth $168,885 in the last quarter. 9.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Triumph Bancorp by 18,146.9% during the second quarter. Envestnet Asset Management Inc. now owns 17,882 shares of the financial services provider’s stock valued at $728,000 after buying an additional 17,784 shares during the last quarter. United Services Automobile Association raised its holdings in shares of Triumph Bancorp by 31.7% during the second quarter. United Services Automobile Association now owns 7,224 shares of the financial services provider’s stock valued at $294,000 after buying an additional 1,740 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Triumph Bancorp during the second quarter valued at approximately $270,000. Employees Retirement System of Texas bought a new stake in shares of Triumph Bancorp during the second quarter valued at approximately $1,426,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Triumph Bancorp by 28.7% during the second quarter. Dimensional Fund Advisors LP now owns 784,564 shares of the financial services provider’s stock valued at $31,971,000 after buying an additional 174,755 shares during the last quarter. Institutional investors and hedge funds own 55.61% 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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