Triumph Bancorp Inc (TBK) Expected to Post Earnings of $0.58 Per Share

Brokerages expect Triumph Bancorp Inc (NASDAQ:TBK) to post earnings per share of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Triumph Bancorp’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.53. Triumph Bancorp posted earnings per share of $0.02 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2,800%. The business is scheduled to report its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that Triumph Bancorp will report full-year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.79. For the next 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’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.81% and a net margin of 16.62%. The company had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million.

TBK has been the topic of several recent research reports. Keefe, Bruyette & Woods set a $38.00 target price on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Saturday, January 13th. BidaskClub downgraded Triumph Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, December 30th. Wells Fargo & Co set a $35.00 target price on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $36.00 target price on shares of Triumph Bancorp in a report on Friday, October 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Triumph Bancorp has a consensus rating of “Buy” and an average price target of $37.11.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. raised its position in shares of Triumph Bancorp by 312.0% in the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 3,953 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Triumph Bancorp in the 3rd quarter worth about $210,000. Principal Financial Group Inc. bought a new position in shares of Triumph Bancorp in the 2nd quarter worth about $218,000. First Dallas Securities Inc. bought a new position in shares of Triumph Bancorp in the 3rd quarter worth about $221,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Triumph Bancorp in the 3rd quarter worth about $261,000. 60.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Triumph Bancorp (NASDAQ:TBK) opened at $38.65 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $39.83. The firm has a market capitalization of $803.67, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.31 and a beta of 1.04.

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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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Earnings History and Estimates for Triumph Bancorp (NASDAQ:TBK)

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