FY2022 EPS Estimates for Triumph Bancorp, Inc. Decreased by Analyst (NASDAQ:TBK)
Triumph Bancorp, Inc. (NASDAQ:TBK) – Analysts at DA Davidson lowered their FY2022 earnings estimates for shares of Triumph Bancorp in a research report issued to clients and investors on Tuesday, April 6th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $3.87 per share for the year, down from their previous forecast of $3.95.
Several other equities analysts have also commented on the stock. Wells Fargo & Company raised their target price on shares of Triumph Bancorp from $42.00 to $73.00 in a report on Monday, March 8th. B. Riley raised shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $110.00 in a report on Monday. Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 31st. Finally, Raymond James upgraded shares of Triumph Bancorp from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $78.00 to $111.00 in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Triumph Bancorp has a consensus rating of “Buy” and an average price target of $64.13.
Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Wednesday, January 20th. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $0.82 by $0.43. Triumph Bancorp had a net margin of 13.50% and a return on equity of 6.74%. The firm had revenue of $105.98 million for the quarter, compared to analyst estimates of $84.57 million.
Large investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in Triumph Bancorp by 2.3% during the 4th quarter. Swiss National Bank now owns 53,400 shares of the financial services provider’s stock worth $2,593,000 after buying an additional 1,200 shares during the period. Aperio Group LLC acquired a new stake in Triumph Bancorp during the 3rd quarter worth approximately $208,000. Diamond Hill Capital Management Inc. acquired a new stake in Triumph Bancorp during the 4th quarter worth approximately $315,000. Lord Abbett & CO. LLC acquired a new stake in Triumph Bancorp during the 4th quarter worth approximately $9,279,000. Finally, Credit Suisse AG lifted its position in shares of Triumph Bancorp by 50.1% in the 4th quarter. Credit Suisse AG now owns 33,807 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 11,283 shares during the period. Institutional investors and hedge funds own 74.97% of the company’s stock.
In other Triumph Bancorp news, EVP Todd Ritterbusch bought 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 27th. The shares were acquired at an average cost of $27.25 per share, for a total transaction of $245,250.00. Following the transaction, the executive vice president now directly owns 20,000 shares in the company, valued at $545,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron P. Graft sold 27,576 shares of Triumph Bancorp stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $62.53, for a total transaction of $1,724,327.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,576 shares of company stock worth $2,350,627. 9.53% of the stock is currently owned by corporate insiders.
About Triumph Bancorp
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through three segments: Banking, Factoring, and Corporate.
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