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%.
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.
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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