Triumph Bancorp (TBK) Set to Announce Earnings on Wednesday

Triumph Bancorp (NASDAQ:TBKGet Rating) will post its quarterly earnings results after the market closes on Wednesday, April 20th. Analysts expect Triumph Bancorp to post earnings of $1.02 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Triumph Bancorp (NASDAQ:TBKGet Rating) last issued its quarterly earnings data on Thursday, January 20th. The financial services provider reported $1.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.02. The company had revenue of $118.32 million for the quarter, compared to the consensus estimate of $110.82 million. Triumph Bancorp had a net margin of 25.56% and a return on equity of 15.09%. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, analysts expect Triumph Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Triumph Bancorp stock opened at $75.75 on Monday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 17.37 and a beta of 0.95. The company’s 50 day moving average is $92.23 and its 200 day moving average is $107.13. Triumph Bancorp has a twelve month low of $69.01 and a twelve month high of $136.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08.

In other Triumph Bancorp news, Director Harrison B. Barnes acquired 1,000 shares of the company’s stock in a transaction on Friday, February 11th. The stock was acquired at an average cost of $94.86 per share, with a total value of $94,860.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its holdings in Triumph Bancorp by 3.4% during the 4th quarter. Glenmede Trust Co. NA now owns 9,830 shares of the financial services provider’s stock valued at $1,170,000 after buying an additional 322 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Triumph Bancorp by 2.8% during the 4th quarter. California State Teachers Retirement System now owns 33,013 shares of the financial services provider’s stock valued at $3,931,000 after buying an additional 913 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Triumph Bancorp by 52.1% in the 4th quarter. Guggenheim Capital LLC now owns 3,594 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 1,231 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Triumph Bancorp by 44.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 4,914 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Triumph Bancorp by 4.1% in the 4th quarter. Legal & General Group Plc now owns 56,315 shares of the financial services provider’s stock worth $6,706,000 after buying an additional 2,225 shares during the last quarter. Hedge funds and other institutional investors own 80.83% of the company’s stock.

Several research analysts have weighed in on TBK shares. Zacks Investment Research upgraded shares of Triumph Bancorp from a “sell” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, March 29th. B. Riley cut their target price on shares of Triumph Bancorp from $152.00 to $142.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Raymond James cut their target price on shares of Triumph Bancorp from $148.00 to $132.00 and set a “strong-buy” rating for the company in a research note on Monday, January 24th. Finally, StockNews.com assumed coverage on shares of Triumph Bancorp in a research note on Thursday, March 31st. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $113.21.

Triumph Bancorp Company Profile (Get Rating)

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate.

See Also

Earnings History for Triumph Bancorp (NASDAQ:TBK)

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