$0.46 Earnings Per Share Expected for Triumph Bancorp, Inc. (TBK) This Quarter

Wall Street brokerages forecast that Triumph Bancorp, Inc. (NASDAQ:TBK) will post earnings per share of $0.46 for the current quarter, Zacks reports. 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.4%. The firm is expected to report its next quarterly 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 fiscal year, analysts anticipate that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.07 to $2.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Triumph Bancorp.

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

Several equities analysts recently weighed in on TBK shares. BidaskClub cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut Triumph Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Wells Fargo & Co set a $35.00 price target on Triumph Bancorp and gave the company a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies cut Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price target for the company. in a report on Friday, October 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Triumph Bancorp presently has an average rating of “Hold” and an average target price of $35.00.

Triumph Bancorp (NASDAQ TBK) opened at $34.35 on Thursday. Triumph Bancorp has a 12-month low of $20.50 and a 12-month high of $35.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $688.13, a PE ratio of 18.47, a P/E/G ratio of 1.38 and a beta of 0.81.

In other news, Director Maribess L. Miller purchased 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $29.77 per share, with a total value of $163,854.08. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders acquired 6,504 shares of company stock valued at $195,094. Insiders own 12.35% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Triumph Bancorp by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock worth $16,431,000 after buying an additional 19,502 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Triumph Bancorp by 160.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock worth $12,491,000 after buying an additional 238,570 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Triumph Bancorp by 47.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after buying an additional 99,641 shares in the last quarter. Banc Funds Co. LLC grew its position in Triumph Bancorp by 46.7% during the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock worth $7,323,000 after acquiring an additional 95,000 shares during the last quarter. Finally, State Street Corp grew its position in Triumph Bancorp by 7.4% during the 2nd quarter. State Street Corp now owns 262,930 shares of the financial services provider’s stock worth $6,452,000 after acquiring an additional 18,159 shares during the last quarter. 61.32% of the stock is owned by institutional investors and hedge funds.

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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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