Q1 2018 Earnings Estimate for Triumph Bancorp, Inc. Issued By B. Riley (TBK)

Triumph Bancorp, Inc. (NASDAQ:TBK) – Stock analysts at B. Riley upped their Q1 2018 earnings per share estimates for shares of Triumph Bancorp in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will earn $0.50 per share for the quarter, up from their prior estimate of $0.41. B. Riley also issued estimates for Triumph Bancorp’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.72 EPS and Q4 2019 earnings at $0.84 EPS.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%.

Several other brokerages have also issued reports on TBK. BidaskClub raised shares of Triumph Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $35.00 target price on shares of Triumph Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods set a $38.00 target price on shares of Triumph Bancorp and gave the stock a “buy” rating in a research note on Friday, December 22nd. FBR & Co reissued a “hold” rating and set a $32.00 target price on shares of Triumph Bancorp in a research note on Monday, October 23rd. Finally, Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Triumph Bancorp has a consensus rating of “Hold” and a consensus price target of $35.00.

Triumph Bancorp (NASDAQ TBK) opened at $35.85 on Friday. The stock has a market cap of $746.43, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.38 and a beta of 0.81. Triumph Bancorp has a 12 month low of $20.50 and a 12 month high of $35.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01.

Several institutional investors have recently added to or reduced their stakes in TBK. Hodges Capital Management Inc. lifted its stake in shares of Triumph Bancorp by 160.4% in the third quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock valued at $12,491,000 after buying an additional 238,570 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Triumph Bancorp in the second quarter valued at about $3,102,000. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Triumph Bancorp by 252.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 139,610 shares of the financial services provider’s stock valued at $4,502,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Triumph Bancorp by 47.4% in the third quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after purchasing an additional 99,641 shares during the last quarter. Finally, Banc Funds Co. LLC raised its holdings in shares of Triumph Bancorp by 46.7% in the second quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock valued at $7,323,000 after purchasing an additional 95,000 shares during the last quarter. 61.32% of the stock is currently owned by hedge funds and other institutional investors.

In other Triumph Bancorp news, Director Maribess L. Miller acquired 5,504 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $29.77 per share, with a total value of $163,854.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired 6,504 shares of company stock worth $195,094 over the last ninety days. Insiders own 12.35% of the company’s stock.

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Triumph Bancorp Company Profile

Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.

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