Zacks: Analysts Expect Triumph Bancorp Inc (NASDAQ:TBK) to Post $0.57 EPS

Analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to post earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.61. Triumph Bancorp reported earnings per share of $0.51 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is scheduled to report its next earnings report on Wednesday, October 16th.

On average, analysts expect that Triumph Bancorp will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.21 to $2.34. For the next financial year, analysts expect that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.80 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $71.04 million for the quarter, compared to the consensus estimate of $70.02 million. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. During the same quarter in the prior year, the business posted $0.50 earnings per share.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, July 19th. Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating in a research report on Monday, April 22nd. B. Riley set a $33.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research report on Monday, April 22nd. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Stephens reissued a “hold” rating and set a $32.00 price target on shares of Triumph Bancorp in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.60.

In other Triumph Bancorp news, Director Carlos M. Sepulveda bought 3,500 shares of Triumph Bancorp stock in a transaction on Thursday, June 6th. The shares were purchased at an average price of $27.71 per share, with a total value of $96,985.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Dobrient bought 1,000 shares of Triumph Bancorp stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $28.76 per share, for a total transaction of $28,760.00. Following the acquisition, the director now owns 64,282 shares in the company, valued at approximately $1,848,750.32. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 5,300 shares of company stock worth $149,025. Company insiders own 8.54% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in shares of Triumph Bancorp by 84.0% in the 4th quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Triumph Bancorp by 47.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,308 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 421 shares in the last quarter. Bank of Montreal Can boosted 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 purchasing an additional 453 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Triumph Bancorp in the 2nd quarter valued at $45,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of Triumph Bancorp by 3,023.7% in the 2nd quarter. NEXT Financial Group Inc now owns 1,843 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,784 shares in the last quarter. 79.93% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TBK traded down $0.07 during trading hours on Thursday, reaching $28.84. 85,200 shares of the company were exchanged, compared to its average volume of 154,315. The company has a market capitalization of $760.75 million, a P/E ratio of 13.05, a P/E/G ratio of 1.28 and a beta of 1.11. Triumph Bancorp has a 1-year low of $27.21 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average of $29.61 and a 200 day moving average of $30.25.

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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