Analysts predict that Triumph Bancorp Inc (NASDAQ:TBK) will report earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Triumph Bancorp’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.61. Triumph Bancorp reported earnings per share of $0.67 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.5%. The company is expected to issue its next earnings report on Tuesday, January 28th.
On average, analysts expect that Triumph Bancorp will report full-year earnings of $2.20 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.22. For the next financial year, analysts anticipate that the firm will report earnings of $2.59 per share, with EPS estimates ranging from $2.35 to $2.88. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The firm had revenue of $72.51 million during the quarter, compared to the consensus estimate of $74.07 million. Triumph Bancorp had a net margin of 17.86% and a return on equity of 9.36%. During the same quarter in the previous year, the firm posted $0.51 earnings per share.
In other Triumph Bancorp news, Director Michael P. Rafferty acquired 1,000 shares of Triumph Bancorp stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $27.94 per share, with a total value of $27,940.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brinker Capital Inc. grew its stake in Triumph Bancorp by 6.6% during the 3rd quarter. Brinker Capital Inc. now owns 12,230 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 755 shares in the last quarter. Peregrine Capital Management LLC grew its stake in Triumph Bancorp by 3.4% during the 3rd quarter. Peregrine Capital Management LLC now owns 445,789 shares of the financial services provider’s stock valued at $14,216,000 after acquiring an additional 14,696 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Triumph Bancorp by 121.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 18,523 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 10,159 shares in the last quarter. Macquarie Group Ltd. grew its stake in Triumph Bancorp by 3.9% during the 2nd quarter. Macquarie Group Ltd. now owns 41,249 shares of the financial services provider’s stock valued at $1,198,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Triumph Bancorp during the 2nd quarter valued at about $325,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:TBK traded up $0.60 during trading hours on Tuesday, reaching $33.55. The company’s stock had a trading volume of 171,928 shares, compared to its average volume of 151,703. The company has a market capitalization of $831.50 million, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.13. Triumph Bancorp has a 12 month low of $27.21 and a 12 month high of $38.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $31.46 and a two-hundred day moving average price of $30.15.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
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