Triumph Bancorp Inc (TBK) Expected to Post Quarterly Sales of $70.32 Million

Brokerages expect that Triumph Bancorp Inc (NASDAQ:TBK) will announce $70.32 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Triumph Bancorp’s earnings. The lowest sales estimate is $68.64 million and the highest is $72.10 million. Triumph Bancorp reported sales of $52.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.5%. The company is scheduled to issue its next quarterly earnings report on Wednesday, April 17th.

On average, analysts expect that Triumph Bancorp will report full year sales of $307.38 million for the current year, with estimates ranging from $306.08 million to $309.90 million. For the next year, analysts anticipate that the firm will report sales of $348.98 million, with estimates ranging from $344.10 million to $351.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). Triumph Bancorp had a return on equity of 10.06% and a net margin of 18.08%. The company had revenue of $71.68 million during the quarter, compared to analyst estimates of $74.75 million. During the same quarter last year, the firm posted $0.34 earnings per share.

Several brokerages have commented on TBK. BidaskClub downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Zacks Investment Research raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Stephens set a $40.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, ValuEngine downgraded Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.33.

In other news, Director Michael P. Rafferty acquired 1,000 shares of the stock in a transaction dated Tuesday, January 29th. The shares were acquired at an average cost of $30.85 per share, for a total transaction of $30,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in shares of Triumph Bancorp by 84.0% during the fourth quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 419 shares during the period. Raymond James & Associates increased its position in shares of Triumph Bancorp by 4.8% during the fourth quarter. Raymond James & Associates now owns 10,239 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 472 shares during the period. State of Alaska Department of Revenue increased its position in shares of Triumph Bancorp by 6.5% during the fourth quarter. State of Alaska Department of Revenue now owns 8,076 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 496 shares during the period. Texas Permanent School Fund grew its position in Triumph Bancorp by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 15,822 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 617 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Triumph Bancorp by 476.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 733 shares during the period. Institutional investors and hedge funds own 81.71% of the company’s stock.

TBK traded up $0.59 on Monday, hitting $29.98. The company had a trading volume of 209,996 shares, compared to its average volume of 156,291. Triumph Bancorp has a 1-year low of $27.47 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $784.71 million, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12.

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

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