$51.82 Million in Sales Expected for Triumph Bancorp (TBK) This Quarter

Analysts predict that Triumph Bancorp (NASDAQ:TBK) will announce $51.82 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Triumph Bancorp’s earnings. The lowest sales estimate is $51.30 million and the highest is $52.33 million. Triumph Bancorp reported sales of $59.10 million during the same quarter last year, which indicates a negative year-over-year growth rate of 12.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 18th.

On average, analysts expect that Triumph Bancorp will report full-year sales of $51.82 million for the current financial year, with estimates ranging from $221.50 million to $229.86 million. For the next year, analysts forecast that the firm will report sales of $253.76 million per share, with estimates ranging from $246.03 million to $264.84 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Triumph Bancorp.

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Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. The firm had revenue of $49.79 million during the quarter, compared to analysts’ expectations of $48.74 million. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.38%.

A number of brokerages have recently issued reports on TBK. BidaskClub upgraded shares of Triumph Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo cut shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a report on Thursday. Piper Jaffray reiterated a “buy” rating and set a $49.00 price objective on shares of Triumph Bancorp in a report on Thursday, March 15th. Finally, Sandler O’Neill reissued a “buy” rating and set a $41.00 price target on shares of Triumph Bancorp in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.56.

Shares of NASDAQ TBK opened at $39.40 on Friday. The stock has a market cap of $842.41, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. Triumph Bancorp has a 1 year low of $20.50 and a 1 year high of $44.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC lifted its position in shares of Triumph Bancorp by 1.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock valued at $2,256,000 after purchasing an additional 1,360 shares in the last quarter. American International Group Inc. lifted its position in shares of Triumph Bancorp by 14.7% during the fourth quarter. American International Group Inc. now owns 11,804 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 1,512 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Triumph Bancorp by 14.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 16,090 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 2,036 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Triumph Bancorp by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 57,714 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Triumph Bancorp by 5.3% during the fourth quarter. Teachers Advisors LLC now owns 63,187 shares of the financial services provider’s stock valued at $1,990,000 after purchasing an additional 3,155 shares in the last quarter. 62.97% of the stock is currently owned by institutional investors.

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

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