Brokerages Anticipate Triumph Bancorp Inc (NASDAQ:TBK) to Announce $0.57 EPS

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Wall Street analysts forecast that Triumph Bancorp Inc (NASDAQ:TBK) will post earnings per share of $0.57 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.61. Triumph Bancorp reported earnings of $0.51 per share during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, October 16th.

On average, analysts expect that Triumph Bancorp will report full-year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.21 to $2.34. For the next fiscal year, analysts anticipate that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.80 to $2.95. Zacks Investment Research’s EPS 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 issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The firm had revenue of $71.04 million during the quarter, compared to the consensus estimate of $70.02 million. During the same quarter in the previous year, the company posted $0.50 EPS.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Stephens reiterated a “hold” rating and issued a $32.00 price objective on shares of Triumph Bancorp in a research report on Friday, July 19th. Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating in a research report on Monday, April 22nd. Finally, B. Riley set a $33.00 price objective on Triumph Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $41.60.

In other news, Director Carlos M. Sepulveda bought 3,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $27.71 per share, for a total transaction of $96,985.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Dobrient bought 1,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $28.76 per share, with a total value of $28,760.00. Following the transaction, the director now owns 64,282 shares of the company’s stock, valued at $1,848,750.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 5,300 shares of company stock valued at $149,025. 8.54% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its stake in shares of Triumph Bancorp by 5.1% during the first quarter. Mason Street Advisors LLC now owns 7,889 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 381 shares during the period. Advisor Group Inc. grew its stake in shares of Triumph Bancorp by 84.0% during the fourth quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 419 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Triumph Bancorp by 47.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,308 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 421 shares during the period. Bank of Montreal Can grew its stake in shares of Triumph Bancorp by 49.3% during the first quarter. Bank of Montreal Can now owns 1,372 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 453 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Triumph Bancorp by 4.8% during the fourth quarter. Raymond James & Associates now owns 10,239 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 472 shares during the period. 79.93% of the stock is owned by institutional investors and hedge funds.

TBK traded down $0.07 during trading on Thursday, hitting $28.84. The company’s stock had a trading volume of 85,200 shares, compared to its average volume of 154,315. The firm’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $30.25. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. Triumph Bancorp has a 12 month low of $27.21 and a 12 month high of $44.70. The stock has a market capitalization of $760.75 million, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11.

Triumph Bancorp Company Profile

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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Earnings History and Estimates for Triumph Bancorp (NASDAQ:TBK)

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