Analysts Expect Triumph Bancorp Inc. (TBK) to Post $0.30 EPS
Shares of Triumph Bancorp Inc. (NASDAQ:TBK) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 12-month consensus price objective of $21.00 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Triumph Bancorp an industry rank of 162 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 29th.
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Shares of Triumph Bancorp (NASDAQ:TBK) traded down 0.30% during trading on Friday, hitting $19.77. 14,537 shares of the stock traded hands. Triumph Bancorp has a 52 week low of $12.63 and a 52 week high of $20.25. The company has a 50-day moving average of $19.29 and a 200-day moving average of $17.14. The firm has a market cap of $357.98 million, a P/E ratio of 18.44 and a beta of 0.50.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. Triumph Bancorp had a return on equity of 6.52% and a net margin of 15.82%. On average, analysts forecast that Triumph Bancorp will post $1.22 EPS for the current fiscal year.
In other Triumph Bancorp news, Director Michael P. Rafferty purchased 1,593 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average cost of $17.15 per share, with a total value of $27,319.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.84% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp increased its stake in Triumph Bancorp by 10.5% in the second quarter. Mendon Capital Advisors Corp now owns 903,284 shares of the company’s stock valued at $14,452,000 after buying an additional 85,760 shares in the last quarter. Basswood Capital Management L.L.C. increased its stake in Triumph Bancorp by 10.2% in the second quarter. Basswood Capital Management L.L.C. now owns 830,997 shares of the company’s stock valued at $13,296,000 after buying an additional 77,176 shares in the last quarter. NFC Investments LLC increased its stake in Triumph Bancorp by 30.3% in the second quarter. NFC Investments LLC now owns 650,373 shares of the company’s stock valued at $10,406,000 after buying an additional 151,120 shares in the last quarter. Vanguard Group Inc. increased its stake in Triumph Bancorp by 3.7% in the second quarter. Vanguard Group Inc. now owns 514,072 shares of the company’s stock valued at $8,225,000 after buying an additional 18,535 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Triumph Bancorp by 79.4% in the second quarter. Loomis Sayles & Co. L P now owns 484,866 shares of the company’s stock valued at $7,758,000 after buying an additional 214,637 shares in the last quarter. Hedge funds and other institutional investors own 39.53% of the company’s stock.
About Triumph Bancorp
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.
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