Brokerages forecast that Triumph Bancorp Inc (NASDAQ:TBK) will announce earnings of $0.60 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.65. Triumph Bancorp reported earnings per share of $0.51 in the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 16th.
According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.44. For the next year, analysts forecast that the firm will post earnings of $2.94 per share, with EPS estimates ranging from $2.80 to $3.19. Zacks’ EPS averages are an average based on a survey of research analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The company had revenue of $71.04 million during the quarter, compared to analysts’ expectations of $70.02 million. During the same quarter in the previous year, the business earned $0.50 EPS.
In other news, Director Robert Dobrient bought 1,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $28.76 per share, for a total transaction of $28,760.00. Following the acquisition, the director now owns 64,282 shares of the company’s stock, valued at $1,848,750.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Justin N. Trail bought 3,228 shares of the stock in a transaction on Friday, May 3rd. The stock was purchased at an average price of $31.11 per share, with a total value 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 disclosure for this purchase can be found here. Insiders acquired a total of 9,228 shares of company stock valued at $270,043 over the last quarter. Company insiders own 8.54% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc raised its holdings in shares of Triumph Bancorp by 3,023.7% during the second quarter. NEXT Financial Group Inc now owns 1,843 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,784 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Triumph Bancorp by 12.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 23,572 shares of the financial services provider’s stock valued at $680,000 after acquiring an additional 2,541 shares during the last quarter. First Dallas Securities Inc. raised its holdings in shares of Triumph Bancorp by 43.9% during the first quarter. First Dallas Securities Inc. now owns 72,105 shares of the financial services provider’s stock valued at $2,119,000 after acquiring an additional 22,005 shares during the last quarter. ELCO Management Co. LLC raised its holdings in shares of Triumph Bancorp by 3.8% during the first quarter. ELCO Management Co. LLC now owns 45,262 shares of the financial services provider’s stock valued at $1,330,000 after acquiring an additional 1,669 shares during the last quarter. Finally, Banc Funds Co. LLC raised its holdings in shares of Triumph Bancorp by 10.4% during the first quarter. Banc Funds Co. LLC now owns 403,300 shares of the financial services provider’s stock valued at $11,853,000 after acquiring an additional 38,000 shares during the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
TBK traded up $0.42 during trading hours on Tuesday, reaching $30.33. 313,265 shares of the company’s stock traded hands, compared to its average volume of 156,116. The company’s 50-day moving average price is $28.77. Triumph Bancorp has a 52-week low of $27.21 and a 52-week high of $44.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $809.96 million, a price-to-earnings ratio of 13.72, a PEG ratio of 1.33 and a beta of 1.11.
Triumph Bancorp Company Profile
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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