Wall Street brokerages expect Triumph Bancorp Inc (NASDAQ:TBK) to announce earnings per share (EPS) of $0.49 for the current quarter, Zacks reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. Triumph Bancorp posted earnings of $0.50 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2%. The firm is expected to announce its next quarterly earnings results on Wednesday, July 17th.
On average, analysts expect that Triumph Bancorp will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.77. For the next year, analysts forecast that the company will post earnings of $3.11 per share, with EPS estimates ranging from $2.95 to $3.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $68.85 million for the quarter, compared to the consensus estimate of $70.32 million. Triumph Bancorp had a return on equity of 9.61% and a net margin of 17.70%. During the same quarter last year, the business posted $0.52 EPS.
Shares of NASDAQ:TBK traded down $0.23 during midday trading on Wednesday, reaching $29.54. The company had a trading volume of 86,750 shares, compared to its average volume of 151,011. 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 company has a market cap of $794.86 million, a P/E ratio of 13.39, a P/E/G ratio of 1.19 and a beta of 1.12. Triumph Bancorp has a 1-year low of $27.47 and a 1-year high of $44.70.
In other news, Director Justin N. Trail acquired 3,228 shares of Triumph Bancorp stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $31.11 per share, for a total transaction of $100,423.08. Following the completion of the acquisition, the director now directly owns 69,406 shares in the company, valued at approximately $2,159,220.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.54% of the company’s stock.
Several hedge funds have recently modified their holdings of TBK. NFC Investments LLC increased its holdings in shares of Triumph Bancorp by 147.6% during the fourth quarter. NFC Investments LLC now owns 555,018 shares of the financial services provider’s stock worth $16,484,000 after buying an additional 330,818 shares in the last quarter. Vanguard Group Inc increased its stake in Triumph Bancorp by 28.4% in the 3rd quarter. Vanguard Group Inc now owns 1,391,825 shares of the financial services provider’s stock valued at $53,167,000 after buying an additional 307,629 shares during the last quarter. Vanguard Group Inc. increased its stake in Triumph Bancorp by 28.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,391,825 shares of the financial services provider’s stock valued at $53,167,000 after buying an additional 307,629 shares during the last quarter. Wellington Management Group LLP increased its stake in Triumph Bancorp by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 2,628,823 shares of the financial services provider’s stock valued at $77,261,000 after buying an additional 285,943 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Triumph Bancorp by 96.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 358,447 shares of the financial services provider’s stock valued at $13,694,000 after buying an additional 176,051 shares during the last quarter. Institutional investors and hedge funds own 80.12% of the company’s stock.
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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