Wall Street analysts forecast that Triumph Bancorp Inc (NASDAQ:TBK) will post earnings per share of $0.58 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.63. Triumph Bancorp reported earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 2,800%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 18th.
On average, analysts expect that Triumph Bancorp will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.79. For the next fiscal year, analysts anticipate that the company will report earnings of $3.16 per share, with EPS estimates ranging from $3.08 to $3.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.46 by $0.08. The company had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.81%.
In other news, Director Maribess L. Miller purchased 5,504 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.35% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in Triumph Bancorp by 32.0% in the 3rd quarter. Nationwide Fund Advisors now owns 35,649 shares of the financial services provider’s stock valued at $1,150,000 after purchasing an additional 8,642 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in Triumph Bancorp in the 2nd quarter valued at about $495,000. First Quadrant L P CA acquired a new position in Triumph Bancorp in the 3rd quarter valued at about $461,000. Vanguard Group Inc. raised its stake in Triumph Bancorp by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock valued at $16,431,000 after purchasing an additional 19,502 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Triumph Bancorp in the 3rd quarter valued at about $1,213,000. 61.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Triumph Bancorp (TBK) opened at $38.50 on Friday. The company has a market cap of $801.59, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.32 and a beta of 0.81. Triumph Bancorp has a 1 year low of $20.50 and a 1 year high of $39.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01.
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About Triumph Bancorp
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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