Wall Street analysts predict that Triumph Bancorp Inc (NASDAQ:TBK) will report sales of $66.66 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Triumph Bancorp’s earnings, with estimates ranging from $62.59 million to $68.70 million. Triumph Bancorp reported sales of $43.68 million during the same quarter last year, which indicates a positive year-over-year growth rate of 52.6%. The company is scheduled to issue its next earnings report on Wednesday, October 17th.
According to Zacks, analysts expect that Triumph Bancorp will report full year sales of $251.61 million for the current fiscal year, with estimates ranging from $247.08 million to $254.20 million. For the next financial year, analysts expect that the company will post sales of $318.88 million per share, with estimates ranging from $312.56 million to $323.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Triumph Bancorp had a return on equity of 10.51% and a net margin of 17.55%. The business had revenue of $58.20 million for the quarter, compared to analysts’ expectations of $56.86 million.
A number of analysts have recently commented on the company. BidaskClub upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. B. Riley upped their price objective on Triumph Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Tuesday, July 3rd. Stephens restated a “buy” rating and set a $46.00 price objective on shares of Triumph Bancorp in a report on Thursday, July 19th. Finally, ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, April 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Triumph Bancorp presently has an average rating of “Buy” and a consensus target price of $42.11.
In other news, Director Michael P. Rafferty acquired 750 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was bought at an average cost of $39.70 per share, with a total value of $29,775.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron P. Graft sold 135,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $39.50, for a total transaction of $5,332,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 4,350 shares of company stock valued at $168,885. 9.40% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of Triumph Bancorp by 48.5% during the fourth quarter. Wells Fargo & Company MN now owns 29,873 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 9,751 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Triumph Bancorp by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 94,746 shares of the financial services provider’s stock worth $2,984,000 after purchasing an additional 7,499 shares during the last quarter. BlackRock Inc. lifted its position in shares of Triumph Bancorp by 14.4% during the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock worth $33,060,000 after purchasing an additional 132,407 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Triumph Bancorp by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 164,198 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 12,924 shares during the last quarter. Finally, 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 worth $507,000 after purchasing an additional 2,036 shares during the last quarter. 55.61% of the stock is owned by institutional investors.
Shares of TBK stock traded down $0.35 on Tuesday, reaching $41.85. 220,700 shares of the stock were exchanged, compared to its average volume of 572,176. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.60 and a beta of 0.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. Triumph Bancorp has a 1-year low of $26.80 and a 1-year high of $44.05.
About Triumph Bancorp
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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