Triumph Bancorp, Inc. (TBK) Expected to Announce Earnings of $0.46 Per Share

Wall Street analysts expect Triumph Bancorp, Inc. (NASDAQ:TBK) to report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Triumph Bancorp’s earnings, with estimates ranging from $0.45 to $0.48. Triumph Bancorp posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 39.4%. The company is scheduled to announce its next earnings report on Monday, January 22nd.

According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.00. For the next financial year, analysts forecast that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.07 to $2.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Triumph Bancorp.

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

A number of research analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research note on Friday, October 20th. Zacks Investment Research downgraded Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. FBR & Co reissued a “hold” rating and issued a $32.00 price target on shares of Triumph Bancorp in a research note on Monday, October 23rd. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $35.00.

In related news, Director Maribess L. Miller acquired 5,504 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $29.77 per share, for a total transaction of $163,854.08. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders have acquired 6,504 shares of company stock valued at $195,094. Corporate insiders own 12.35% of the company’s stock.

A number of large investors have recently modified their holdings of TBK. Citigroup Inc. lifted its position in Triumph Bancorp by 312.0% during the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 3,953 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Triumph Bancorp during the third quarter worth approximately $210,000. First Dallas Securities Inc. acquired a new stake in Triumph Bancorp during the third quarter worth approximately $221,000. Cubist Systematic Strategies LLC acquired a new stake in Triumph Bancorp during the third quarter worth approximately $261,000. Finally, Principal Financial Group Inc. acquired a new stake in Triumph Bancorp during the second quarter worth approximately $218,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

Triumph Bancorp (NASDAQ TBK) opened at $34.35 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $688.13, a price-to-earnings ratio of 18.47, a PEG 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 $35.45.

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About Triumph Bancorp

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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