Triumph Bancorp, Inc. (NASDAQ:TBK) will release its earnings data after the market closes on Wednesday, July 19th. Analysts expect Triumph Bancorp to post earnings of $0.32 per share for the quarter.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.34. Triumph Bancorp had a return on equity of 6.26% and a net margin of 14.60%. The firm had revenue of $59.10 million for the quarter, compared to the consensus estimate of $39.48 million. On average, analysts expect Triumph Bancorp to post $1.66 EPS for the current fiscal year and $1.90 EPS for the next fiscal year.
Triumph Bancorp, Inc. (NASDAQ TBK) opened at 25.30 on Tuesday. The stock’s 50 day moving average price is $23.03 and its 200-day moving average price is $24.83. The company has a market cap of $454.51 million, a P/E ratio of 18.16 and a beta of 0.72. Triumph Bancorp, Inc. has a 52-week low of $16.26 and a 52-week high of $27.95.
Several research firms recently issued reports on TBK. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 11th. TheStreet upgraded Triumph Bancorp from a “c” rating to a “b” rating in a report on Wednesday, May 17th. Wells Fargo & Company upgraded Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Friday, May 26th. Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Monday, April 24th. Finally, DA Davidson started coverage on Triumph Bancorp in a research note on Tuesday, March 21st. They set a “buy” rating and a $31.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.00.
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In related news, Director Charles A. Anderson bought 4,500 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was purchased at an average cost of $22.46 per share, with a total value of $101,070.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael P. Rafferty bought 1,500 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were bought at an average cost of $21.98 per share, with a total value of $32,970.00. Following the completion of the purchase, the director now directly owns 22,187 shares in the company, valued at $487,670.26. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,651 shares of company stock valued at $258,011 over the last three months. 12.35% of the stock is currently owned by insiders.
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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