B. Riley Weighs in on Triumph Bancorp, Inc.’s Q1 2021 Earnings (NASDAQ:TBK)
Triumph Bancorp, Inc. (NASDAQ:TBK) – Stock analysts at B. Riley increased their Q1 2021 earnings per share estimates for shares of Triumph Bancorp in a research report issued to clients and investors on Monday, April 5th. B. Riley analyst S. Moss now forecasts that the financial services provider will post earnings of $0.95 per share for the quarter, up from their prior estimate of $0.90. B. Riley has a “Buy” rating and a $110.00 price objective on the stock. B. Riley also issued estimates for Triumph Bancorp’s Q2 2021 earnings at $0.99 EPS, Q3 2021 earnings at $1.04 EPS, FY2021 earnings at $4.10 EPS, Q1 2022 earnings at $0.94 EPS, Q1 2023 earnings at $1.11 EPS and FY2023 earnings at $5.15 EPS.
A number of other equities analysts have also recently commented on TBK. Wells Fargo & Company lifted their target price on Triumph Bancorp from $42.00 to $73.00 in a report on Monday, March 8th. Raymond James raised shares of Triumph Bancorp from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $78.00 to $111.00 in a research note on Monday. Finally, Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 31st. Five 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.13.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, January 20th. The financial services provider reported $1.25 earnings per share (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 analysts’ expectations of $84.57 million.
In other Triumph Bancorp news, CEO Aaron P. Graft sold 27,576 shares of the business’s stock in a transaction dated Tuesday, January 26th. The shares were sold at an average price of $62.53, for a total value of $1,724,327.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd Ritterbusch bought 9,000 shares of the company’s stock in a transaction on Wednesday, January 27th. The stock was bought at an average price of $27.25 per share, for a total transaction of $245,250.00. Following the completion of the purchase, the executive vice president now directly owns 20,000 shares in the company, valued at $545,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 37,576 shares of company stock valued at $2,350,627. 9.53% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Comerica Bank increased its stake in shares of Triumph Bancorp by 1.2% during the fourth quarter. Comerica Bank now owns 23,793 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 289 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Triumph Bancorp by 2.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 13,695 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 294 shares in the last quarter. Public Sector Pension Investment Board increased its position in Triumph Bancorp by 0.8% during the 4th quarter. Public Sector Pension Investment Board now owns 50,028 shares of the financial services provider’s stock valued at $2,429,000 after purchasing an additional 380 shares during the period. Vantage Consulting Group Inc bought a new stake in shares of Triumph Bancorp in the 4th quarter valued at about $29,000. Finally, Aperio Group LLC raised its holdings in shares of Triumph Bancorp by 9.7% in the 4th quarter. Aperio Group LLC now owns 7,331 shares of the financial services provider’s stock valued at $356,000 after purchasing an additional 647 shares in the last quarter. 74.97% of the stock is owned by hedge funds and other institutional investors.
Triumph Bancorp Company Profile
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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