Analysts predict that Triumph Bancorp, Inc. (NASDAQ:TBK) will post sales of $44.56 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Triumph Bancorp’s earnings. The highest sales estimate is $45.50 million and the lowest is $43.97 million. Triumph Bancorp reported sales of $36.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 22%. The firm is expected to issue its next earnings report on Wednesday, October 25th.
On average, analysts expect that Triumph Bancorp will report full-year sales of $44.56 million for the current financial year, with estimates ranging from $173.60 million to $193.76 million. For the next year, analysts expect that the firm will report sales of $199.41 million per share, with estimates ranging from $198.12 million to $200.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $43.76 million during the quarter, compared to the consensus estimate of $39.38 million. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%.
Several brokerages recently issued reports on TBK. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Friday, July 21st. FBR & Co downgraded shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, July 11th. Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Friday, May 26th. Finally, TheStreet upgraded shares of Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $29.40.
Triumph Bancorp (NASDAQ TBK) opened at 28.00 on Monday. The firm’s 50 day moving average is $25.30 and its 200 day moving average is $24.99. The company has a market cap of $504.81 million, a PE ratio of 16.82 and a beta of 0.72. Triumph Bancorp has a 52-week low of $17.01 and a 52-week high of $29.25.
Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares during the period. Nine Chapters Capital Management LLC bought a new stake in Triumph Bancorp during the first quarter valued at $201,000. California Public Employees Retirement System bought a new stake in Triumph Bancorp during the first quarter valued at $219,000. Parametric Portfolio Associates LLC increased its stake in Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,326 shares in the last quarter. Finally, American International Group Inc. increased its stake in Triumph Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock valued at $246,000 after buying an additional 624 shares in the last quarter. Institutional investors and hedge funds own 51.51% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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