$70.32 Million in Sales Expected for Triumph Bancorp Inc (TBK) This Quarter

Analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to report sales of $70.32 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Triumph Bancorp’s earnings. The highest sales estimate is $72.10 million and the lowest is $68.64 million. Triumph Bancorp posted sales of $52.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.5%. The business is expected to issue its next quarterly earnings report on Wednesday, April 17th.

According to Zacks, analysts expect that Triumph Bancorp will report full-year sales of $307.38 million for the current fiscal year, with estimates ranging from $306.08 million to $309.90 million. For the next year, analysts anticipate that the firm will post sales of $348.98 million, with estimates ranging from $344.10 million to $351.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.03). The firm had revenue of $71.68 million during the quarter, compared to the consensus estimate of $74.75 million. Triumph Bancorp had a net margin of 18.08% and a return on equity of 10.06%. During the same quarter in the previous year, the business posted $0.34 earnings per share.

TBK has been the topic of several recent research reports. ValuEngine lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. Finally, Stephens restated a “buy” rating and issued a $45.00 price target on shares of Triumph Bancorp in a research report on Monday, October 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.33.

In related news, CEO Aaron P. Graft sold 10,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $37.84, for a total transaction of $378,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael P. Rafferty acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The shares were acquired at an average cost of $30.85 per share, for a total transaction of $30,850.00. The disclosure for this purchase can be found here. 9.40% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Triumph Bancorp by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock valued at $106,588,000 after purchasing an additional 83,458 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Triumph Bancorp by 476.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 733 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of Triumph Bancorp by 141.4% in the 4th quarter. Monarch Partners Asset Management LLC now owns 232,253 shares of the financial services provider’s stock valued at $6,898,000 after purchasing an additional 136,054 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Triumph Bancorp in the 4th quarter valued at about $273,000. Finally, LS Investment Advisors LLC raised its stake in shares of Triumph Bancorp by 414.0% in the 4th quarter. LS Investment Advisors LLC now owns 3,598 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,898 shares during the period. 83.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TBK traded down $0.07 during midday trading on Friday, hitting $30.34. The company had a trading volume of 6,450 shares, compared to its average volume of 186,051. Triumph Bancorp has a 12 month low of $27.47 and a 12 month high of $44.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $799.17 million, a P/E ratio of 13.73, a P/E/G ratio of 1.09 and a beta of 1.12.

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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