Triumph Bancorp Inc (NASDAQ:TBK) – Piper Jaffray Companies reduced their Q2 2020 earnings per share (EPS) estimates for shares of Triumph Bancorp in a research note issued on Friday, October 18th. Piper Jaffray Companies analyst B. Rabatin now anticipates that the financial services provider will earn $0.63 per share for the quarter, down from their prior estimate of $0.67. Piper Jaffray Companies also issued estimates for Triumph Bancorp’s Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $0.71 EPS, FY2020 earnings at $2.53 EPS, Q1 2021 earnings at $0.65 EPS, Q2 2021 earnings at $0.71 EPS, Q3 2021 earnings at $0.72 EPS and FY2021 earnings at $2.83 EPS.
Other equities analysts have also issued research reports about the company. Stephens reissued a “hold” rating and issued a $34.00 target price on shares of Triumph Bancorp in a report on Thursday. BidaskClub lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. Zacks Investment Research raised Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. B. Riley increased their target price on Triumph Bancorp from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine raised Triumph Bancorp from a “sell” rating to a “hold” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.50.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $74.07 million. Triumph Bancorp had a return on equity of 9.36% and a net margin of 17.86%. During the same period last year, the firm earned $0.51 earnings per share.
A number of large investors have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. lifted its position in Triumph Bancorp by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 23,572 shares of the financial services provider’s stock worth $680,000 after acquiring an additional 2,541 shares during the period. NEXT Financial Group Inc lifted its position in Triumph Bancorp by 3,023.7% during the 2nd quarter. NEXT Financial Group Inc now owns 1,843 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,784 shares during the period. Moody Aldrich Partners LLC lifted its position in Triumph Bancorp by 2.7% during the 2nd quarter. Moody Aldrich Partners LLC now owns 182,734 shares of the financial services provider’s stock worth $5,308,000 after acquiring an additional 4,788 shares during the period. Aperio Group LLC acquired a new stake in Triumph Bancorp during the 2nd quarter worth about $45,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in Triumph Bancorp by 295.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 28,570 shares of the financial services provider’s stock worth $830,000 after acquiring an additional 21,350 shares during the period. Hedge funds and other institutional investors own 75.73% of the company’s stock.
In related news, Director Michael P. Rafferty purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $27.94 per share, with a total value of $27,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.54% of the company’s stock.
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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