$0.33 EPS Expected for Triumph Bancorp, Inc. (NASDAQ:TBK) This Quarter
Wall Street brokerages expect that Triumph Bancorp, Inc. (NASDAQ:TBK) will post earnings per share of $0.33 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Triumph Bancorp’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.31. Triumph Bancorp reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year over year growth rate of 32%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, July 19th.
On average, analysts expect that Triumph Bancorp will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.10 to $1.20. For the next year, analysts forecast that the company will report earnings of $1.86 per share, with EPS estimates ranging from $1.77 to $1.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.34. Triumph Bancorp had a net margin of 14.60% and a return on equity of 6.26%. The business had revenue of $59.10 million during the quarter, compared to analyst estimates of $39.48 million.
A number of equities analysts have recently weighed in on TBK shares. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday. Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Friday, May 26th. TheStreet raised shares of Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. Piper Jaffray Companies downgraded shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Monday, April 24th. Finally, FBR & Co reissued an “outperform” rating and set a $30.00 price target on shares of Triumph Bancorp in a research report on Friday, March 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Triumph Bancorp has an average rating of “Buy” and an average target price of $28.00.
In other news, Director Charles A. Anderson purchased 4,500 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average cost of $22.46 per share, with a total value of $101,070.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maribess L. Miller purchased 4,546 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were purchased at an average cost of $21.99 per share, with a total value of $99,966.54. Following the completion of the acquisition, the director now owns 12,903 shares in the company, valued at approximately $283,736.97. The disclosure for this purchase can be found here. In the last three months, insiders acquired 11,651 shares of company stock worth $258,011. Insiders own 12.35% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in shares of Triumph Bancorp by 889.6% in the first quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock valued at $27,652,000 after buying an additional 963,465 shares during the last quarter. RMB Capital Management LLC raised its stake in shares of Triumph Bancorp by 24.7% in the first quarter. RMB Capital Management LLC now owns 506,437 shares of the financial services provider’s stock worth $13,066,000 after buying an additional 100,233 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Triumph Bancorp by 220.9% in the first quarter. Dimensional Fund Advisors LP now owns 112,959 shares of the financial services provider’s stock worth $2,914,000 after buying an additional 77,761 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Triumph Bancorp by 127.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,400 shares of the financial services provider’s stock worth $2,756,000 after buying an additional 59,100 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. bought a new stake in shares of Triumph Bancorp during the first quarter worth approximately $994,000. 51.51% of the stock is currently owned by institutional investors.
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Shares of Triumph Bancorp (NASDAQ:TBK) traded up 1.60% during mid-day trading on Wednesday, reaching $25.45. The company’s stock had a trading volume of 52,141 shares. Triumph Bancorp has a 12 month low of $16.14 and a 12 month high of $27.95. The company has a 50-day moving average of $23.03 and a 200-day moving average of $24.83. The company has a market cap of $457.21 million, a P/E ratio of 18.27 and a beta of 0.72.
About Triumph Bancorp
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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