Equities research analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to announce $74.89 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Triumph Bancorp’s earnings, with the lowest sales estimate coming in at $73.99 million and the highest estimate coming in at $75.58 million. Triumph Bancorp posted sales of $49.79 million in the same quarter last year, which suggests a positive year over year growth rate of 50.4%. The company is scheduled to issue its next quarterly earnings report on Monday, January 28th.
According to Zacks, analysts expect that Triumph Bancorp will report full-year sales of $252.42 million for the current fiscal year, with estimates ranging from $250.37 million to $253.92 million. For the next financial year, analysts anticipate that the business will report sales of $318.99 million, with estimates ranging from $310.10 million to $326.66 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $67.80 million during the quarter, compared to the consensus estimate of $67.43 million. Triumph Bancorp had a return on equity of 10.07% and a net margin of 15.39%. The business’s quarterly revenue was up 55.1% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share.
Several equities research analysts have recently weighed in on TBK shares. BidaskClub cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Stephens reissued a “buy” rating and issued a $46.00 price target on shares of Triumph Bancorp in a research note on Thursday, July 19th. ValuEngine cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Zacks Investment Research cut Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, DA Davidson increased their price target on Triumph Bancorp from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.00.
In other news, Director Richard Loren Davis purchased 1,500 shares of the business’s stock in a transaction on Monday, October 29th. The shares were acquired at an average price of $35.31 per share, for a total transaction of $52,965.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of TBK. California Public Employees Retirement System bought a new position in shares of Triumph Bancorp in the first quarter valued at approximately $249,000. Citadel Advisors LLC bought a new position in shares of Triumph Bancorp in the second quarter valued at approximately $270,000. State of Alaska Department of Revenue bought a new position in shares of Triumph Bancorp in the third quarter valued at approximately $289,000. United Services Automobile Association lifted its holdings in shares of Triumph Bancorp by 31.7% in the second quarter. United Services Automobile Association now owns 7,224 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Triumph Bancorp in the second quarter valued at approximately $296,000. Institutional investors own 76.37% of the company’s stock.
Shares of TBK stock opened at $36.94 on Thursday. The stock has a market capitalization of $966.31 million, a PE ratio of 23.53, a P/E/G ratio of 1.64 and a beta of 0.93. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. Triumph Bancorp has a 1-year low of $28.45 and a 1-year high of $44.70.
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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