Triumph Bancorp Inc (NASDAQ:TBK) – Analysts at Piper Jaffray Companies dropped their Q2 2019 earnings per share (EPS) estimates for Triumph Bancorp in a research note issued to investors on Wednesday, July 3rd. Piper Jaffray Companies analyst B. Rabatin now expects that the financial services provider will post earnings of $0.48 per share for the quarter, down from their previous forecast of $0.49. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Triumph Bancorp’s Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.60 EPS, FY2019 earnings at $2.18 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.73 EPS, Q4 2020 earnings at $0.79 EPS and FY2020 earnings at $2.80 EPS.
Several other analysts have also commented on TBK. ValuEngine lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. B. Riley set a $33.00 target price on Triumph Bancorp and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Stephens reiterated a “buy” rating and set a $38.00 target price on shares of Triumph Bancorp in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Triumph Bancorp currently has an average rating of “Hold” and a consensus price target of $42.80.
Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Triumph Bancorp had a return on equity of 9.61% and a net margin of 17.70%. The company had revenue of $68.85 million during the quarter, compared to analyst estimates of $70.32 million. During the same quarter in the previous year, the company posted $0.52 earnings per share.
Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in Triumph Bancorp by 22.8% in the fourth quarter. Rhumbline Advisers now owns 66,150 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 12,299 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Triumph Bancorp in the fourth quarter valued at approximately $273,000. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 733 shares during the period. BlackRock Inc. lifted its stake in Triumph Bancorp by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock valued at $106,588,000 after buying an additional 83,458 shares during the period. Finally, Texas Permanent School Fund lifted its stake 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 buying an additional 617 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.
In other Triumph Bancorp news, Director Justin N. Trail acquired 3,228 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $31.11 per share, for a total transaction of $100,423.08. Following the completion of the transaction, the director now directly owns 69,406 shares of the company’s stock, valued at $2,159,220.66. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carlos M. Sepulveda acquired 3,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average price of $27.71 per share, for a total transaction of $96,985.00. The disclosure for this purchase can be found here. Insiders have purchased 9,228 shares of company stock worth $270,043 over the last quarter. 8.54% of the stock is owned by company insiders.
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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