Wall Street brokerages expect Triumph Bancorp Inc (NASDAQ:TBK) to report $0.61 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Triumph Bancorp’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.64. Triumph Bancorp reported earnings of $0.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9%. The firm is scheduled to announce its next earnings results on Tuesday, January 28th.
According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.17 to $2.24. For the next year, analysts anticipate that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.35 to $2.61. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The company had revenue of $72.51 million for the quarter, compared to analyst estimates 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 company earned $0.51 earnings per share.
Shares of Triumph Bancorp stock traded up $0.93 during trading hours on Friday, reaching $37.56. 219,217 shares of the company’s stock were exchanged, compared to its average volume of 148,490. The business has a fifty day moving average of $33.95 and a two-hundred day moving average of $30.97. The company has a market capitalization of $952.45 million, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06. Triumph Bancorp has a 1 year low of $27.21 and a 1 year high of $37.65.
In other Triumph Bancorp news, Director Michael P. Rafferty bought 1,500 shares of Triumph Bancorp stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $32.60 per share, for a total transaction of $48,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aaron P. Graft sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $35.68, for a total value of $214,080.00. The disclosure for this sale can be found here. Corporate insiders own 8.54% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in Triumph Bancorp by 150.7% in the 2nd quarter. Bank of Montreal Can now owns 3,440 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,068 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Triumph Bancorp in the 2nd quarter valued at approximately $206,000. Russell Investments Group Ltd. raised its stake in shares of Triumph Bancorp by 306.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 73,356 shares of the financial services provider’s stock valued at $2,339,000 after acquiring an additional 55,286 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Triumph Bancorp in the 2nd quarter worth approximately $325,000. Finally, Morgan Stanley lifted its holdings in shares of Triumph Bancorp by 699.0% in the 2nd quarter. Morgan Stanley now owns 114,294 shares of the financial services provider’s stock worth $3,321,000 after acquiring an additional 99,990 shares during the last quarter. 74.15% of the stock is owned by hedge funds and other institutional investors.
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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