$0.71 EPS Expected for Triumph Bancorp Inc (TBK) This Quarter
Brokerages forecast that Triumph Bancorp Inc (NASDAQ:TBK) will post $0.71 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.68. Triumph Bancorp reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 65.1%. The business is expected to report its next quarterly earnings report on Monday, January 28th.
On average, analysts expect that Triumph Bancorp will report full year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.21 to $2.27. For the next year, analysts anticipate that the firm will post earnings of $3.25 per share, with EPS estimates ranging from $3.10 to $3.35. Zacks’ earnings per share averages 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 issued its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $67.80 million for the quarter, compared to analyst estimates of $67.43 million. Triumph Bancorp had a net margin of 15.39% and a return on equity of 10.07%. Triumph Bancorp’s quarterly revenue was up 55.1% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS.
Triumph Bancorp stock traded up $0.10 during midday trading on Tuesday, reaching $37.41. The company had a trading volume of 75,831 shares, compared to its average volume of 221,634. The firm has a market capitalization of $986.54 million, a PE ratio of 23.83, a P/E/G ratio of 1.68 and a beta of 0.93. Triumph Bancorp has a 12-month low of $28.76 and a 12-month high of $44.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06.
In other Triumph Bancorp news, Director Richard Loren Davis bought 1,500 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $35.31 per share, with a total value of $52,965.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Triumph Bancorp by 111.0% during the 3rd quarter. BlackRock Inc. now owns 3,505,351 shares of the financial services provider’s stock valued at $133,903,000 after buying an additional 1,844,032 shares during the period. Hodges Capital Management Inc. raised its position in shares of Triumph Bancorp by 146.5% during the 2nd quarter. Hodges Capital Management Inc. now owns 833,817 shares of the financial services provider’s stock valued at $33,978,000 after buying an additional 495,552 shares during the period. Emerald Advisers Inc. PA purchased a new stake in shares of Triumph Bancorp during the 2nd quarter valued at approximately $19,219,000. Emerald Mutual Fund Advisers Trust raised its position in shares of Triumph Bancorp by 174.0% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 700,550 shares of the financial services provider’s stock valued at $28,547,000 after buying an additional 444,844 shares during the period. Finally, Peregrine Capital Management LLC purchased a new stake in shares of Triumph Bancorp during the 3rd quarter valued at approximately $16,939,000. 76.23% 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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