Brokerages Expect Triumph Bancorp Inc (NASDAQ:TBK) Will Announce Earnings of $0.61 Per Share

Analysts forecast that Triumph Bancorp Inc (NASDAQ:TBK) will announce earnings per share of $0.61 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Triumph Bancorp’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.58. Triumph Bancorp posted earnings of $0.67 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 9%. The firm is expected to report its next quarterly earnings report on Tuesday, January 28th.

On average, analysts expect that Triumph Bancorp will report full year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.24. For the next fiscal year, analysts anticipate that the company will post earnings of $2.58 per share, with EPS estimates ranging from $2.35 to $2.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. Triumph Bancorp had a return on equity of 9.36% and a net margin of 17.86%. The company had revenue of $72.51 million during the quarter, compared to analysts’ expectations of $74.07 million. During the same quarter in the previous year, the business earned $0.51 earnings per share.

Several analysts have weighed in on the company. Zacks Investment Research raised Triumph Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday. BidaskClub raised Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. B. Riley upped their target price on Triumph Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, October 18th. ValuEngine raised Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Stephens reissued a “hold” rating and issued a $34.00 target price on shares of Triumph Bancorp in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Triumph Bancorp currently has an average rating of “Hold” and a consensus price target of $34.50.

Shares of Triumph Bancorp stock traded down $0.51 during trading hours on Thursday, hitting $33.70. 46,700 shares of the company were exchanged, compared to its average volume of 148,012. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $856.58 million, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.29 and a beta of 1.12. Triumph Bancorp has a 1 year low of $27.21 and a 1 year high of $38.78. The business has a 50-day moving average of $32.11 and a 200-day moving average of $30.37.

In related news, CEO Aaron P. Graft sold 3,500 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $32.51, for a total transaction of $113,785.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael P. Rafferty acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $32.60 per share, for a total transaction of $48,900.00. The disclosure for this purchase can be found here. Insiders acquired 3,300 shares of company stock worth $100,120 in the last three months. 8.54% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Triumph Bancorp by 2.0% during the second quarter. BlackRock Inc. now owns 3,733,274 shares of the financial services provider’s stock valued at $108,453,000 after acquiring an additional 72,774 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Triumph Bancorp by 0.5% during the second quarter. Vanguard Group Inc. now owns 1,575,842 shares of the financial services provider’s stock valued at $45,778,000 after acquiring an additional 7,488 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Triumph Bancorp by 94.2% during the second quarter. Bank of New York Mellon Corp now owns 647,036 shares of the financial services provider’s stock valued at $18,797,000 after acquiring an additional 313,783 shares during the last quarter. Banc Funds Co. LLC boosted its stake in shares of Triumph Bancorp by 20.2% during the second quarter. Banc Funds Co. LLC now owns 484,661 shares of the financial services provider’s stock valued at $14,079,000 after acquiring an additional 81,361 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of Triumph Bancorp by 3.4% during the third quarter. Peregrine Capital Management LLC now owns 445,789 shares of the financial services provider’s stock valued at $14,216,000 after acquiring an additional 14,696 shares during the last quarter. 78.15% of the stock is currently owned by institutional investors and hedge funds.

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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