$0.61 EPS Expected for Triumph Bancorp Inc (TBK) This Quarter

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Equities research analysts predict that Triumph Bancorp Inc (NASDAQ:TBK) will post $0.61 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.63. Triumph Bancorp reported earnings of $0.47 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 17th.

According to Zacks, analysts expect that Triumph Bancorp will report full-year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.44. For the next financial year, analysts anticipate that the business will post earnings of $3.31 per share, with EPS estimates ranging from $3.23 to $3.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.02). Triumph Bancorp had a return on equity of 10.51% and a net margin of 17.55%. The firm had revenue of $58.20 million for the quarter, compared to the consensus estimate of $56.86 million.

Several brokerages have issued reports on TBK. BidaskClub cut shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Zacks Investment Research cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Stephens reiterated a “buy” rating and set a $46.00 price objective on shares of Triumph Bancorp in a research report on Thursday, July 19th. B. Riley increased their price objective on shares of Triumph Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, June 19th. Finally, ValuEngine cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.11.

Triumph Bancorp traded down $0.35, hitting $41.85, on Friday, MarketBeat reports. The company had a trading volume of 220,700 shares, compared to its average volume of 572,176. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. Triumph Bancorp has a 52 week low of $26.80 and a 52 week high of $44.05.

In other Triumph Bancorp news, EVP Daniel J. Karas sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $41.96, for a total value of $125,880.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael P. Rafferty acquired 750 shares of the company’s stock in a transaction on Monday, May 14th. The stock was acquired at an average cost of $39.70 per share, for a total transaction of $29,775.00. The disclosure for this purchase can be found here. Insiders acquired 4,350 shares of company stock valued at $168,885 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Triumph Bancorp by 60.4% during the second quarter. BlackRock Inc. now owns 1,661,319 shares of the financial services provider’s stock valued at $67,698,000 after purchasing an additional 625,290 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Triumph Bancorp by 146.5% during the second quarter. Hodges Capital Management Inc. now owns 833,817 shares of the financial services provider’s stock valued at $33,978,000 after purchasing an additional 495,552 shares in the last quarter. Emerald Advisers Inc. PA bought a new position in shares of Triumph Bancorp during the second quarter valued at about $19,219,000. Emerald Mutual Fund Advisers Trust lifted its position in shares of Triumph Bancorp by 174.0% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 700,550 shares of the financial services provider’s stock valued at $28,547,000 after purchasing an additional 444,844 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Triumph Bancorp by 28.7% during the second quarter. Dimensional Fund Advisors LP now owns 784,564 shares of the financial services provider’s stock valued at $31,971,000 after purchasing an additional 174,755 shares in the last quarter. 55.61% of the stock is currently owned by hedge funds and other institutional investors.

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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