Triumph Bancorp, Inc. (NASDAQ:TBK) Expected to Post Earnings of $1.09 Per Share

Equities research analysts predict that Triumph Bancorp, Inc. (NASDAQ:TBK) will report earnings per share of $1.09 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $0.97. Triumph Bancorp posted earnings per share of $0.91 in the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, October 20th.

According to Zacks, analysts expect that Triumph Bancorp will report full-year earnings of $4.57 per share for the current fiscal year, with EPS estimates ranging from $4.31 to $4.73. For the next year, analysts expect that the company will report earnings of $4.20 per share, with EPS estimates ranging from $3.86 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Tuesday, July 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $104.18 million for the quarter, compared to the consensus estimate of $98.65 million. Triumph Bancorp had a return on equity of 17.14% and a net margin of 28.08%.

Several analysts have recently commented on TBK shares. B. Riley raised their price target on Triumph Bancorp from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, September 29th. Stephens reissued an “equal weight” rating and issued a $75.07 price target (down from $78.00) on shares of Triumph Bancorp in a report on Tuesday, July 27th. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Tuesday, October 5th. Wells Fargo & Company raised their price objective on Triumph Bancorp from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, October 7th. Finally, Raymond James reaffirmed a “buy” rating and issued a $112.00 price objective (down from $116.00) on shares of Triumph Bancorp in a research note on Monday, July 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Triumph Bancorp presently has a consensus rating of “Buy” and an average price target of $96.85.

Triumph Bancorp stock traded up $1.20 during mid-day trading on Friday, reaching $107.41. 997 shares of the company were exchanged, compared to its average volume of 159,174. Triumph Bancorp has a twelve month low of $38.99 and a twelve month high of $108.24. The firm’s 50-day simple moving average is $87.61 and its two-hundred day simple moving average is $83.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $2.70 billion, a PE ratio of 23.39 and a beta of 1.07.

In other Triumph Bancorp news, Director C Todd Sparks sold 6,067 shares of the firm’s stock in a transaction on Friday, September 24th. The stock was sold at an average price of $89.19, for a total transaction of $541,115.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 82,344 shares of company stock valued at $7,509,004 over the last ninety days. 6.23% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its position in Triumph Bancorp by 11.8% during the third quarter. Louisiana State Employees Retirement System now owns 11,400 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 1,200 shares in the last quarter. State of Alaska Department of Revenue increased its position in Triumph Bancorp by 9.9% during the third quarter. State of Alaska Department of Revenue now owns 17,222 shares of the financial services provider’s stock worth $1,724,000 after buying an additional 1,557 shares in the last quarter. Hodges Capital Management Inc. grew its position in shares of Triumph Bancorp by 59.9% in the third quarter. Hodges Capital Management Inc. now owns 149,348 shares of the financial services provider’s stock valued at $14,954,000 after purchasing an additional 55,935 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Triumph Bancorp by 4.4% in the second quarter. Thrivent Financial for Lutherans now owns 635,892 shares of the financial services provider’s stock valued at $47,215,000 after purchasing an additional 26,532 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of Triumph Bancorp by 37.1% in the second quarter. Parametric Portfolio Associates LLC now owns 34,613 shares of the financial services provider’s stock valued at $2,570,000 after purchasing an additional 9,366 shares during the period. 79.50% of the stock is owned by institutional investors.

Triumph Bancorp Company Profile

Triumph Bancorp, Inc operates as a financial holding company which offers traditional banking and financial solutions. It operates through the following segments: Factoring, Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.

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

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