Brokerages predict that Triumph Bancorp, Inc. (NASDAQ:TBK – Get Rating) will announce sales of $114.16 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Triumph Bancorp’s earnings, with estimates ranging from $113.90 million to $114.30 million. Triumph Bancorp reported sales of $104.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Triumph Bancorp will report full-year sales of $467.72 million for the current financial year, with estimates ranging from $461.60 million to $473.65 million. For the next fiscal year, analysts expect that the company will post sales of $519.74 million, with estimates ranging from $496.80 million to $546.93 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.09). Triumph Bancorp had a net margin of 22.77% and a return on equity of 13.30%. During the same quarter in the previous year, the firm posted $1.32 EPS.
Triumph Bancorp stock opened at $69.44 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.09. Triumph Bancorp has a fifty-two week low of $66.69 and a fifty-two week high of $136.01. The stock has a market cap of $1.75 billion, a P/E ratio of 17.49 and a beta of 0.95. The firm’s fifty day moving average price is $87.87 and its 200-day moving average price is $104.84.
In other Triumph Bancorp news, Director Harrison B. Barnes bought 1,000 shares of Triumph Bancorp stock in a transaction that occurred on Friday, February 11th. The shares were bought at an average price 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 is accessible through this hyperlink. Company insiders own 5.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in Triumph Bancorp by 4.0% in the first quarter. SG Americas Securities LLC now owns 5,235 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 200 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Triumph Bancorp by 0.3% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 288,017 shares of the financial services provider’s stock valued at $27,079,000 after buying an additional 985 shares during the last quarter. Emerald Advisers LLC boosted its position in Triumph Bancorp by 29.5% during the 1st quarter. Emerald Advisers LLC now owns 251,972 shares of the financial services provider’s stock valued at $23,690,000 after buying an additional 57,386 shares during the period. Peregrine Capital Management LLC grew its holdings in Triumph Bancorp by 2.6% in the 1st quarter. Peregrine Capital Management LLC now owns 186,679 shares of the financial services provider’s stock worth $17,552,000 after acquiring an additional 4,670 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Triumph Bancorp by 617.6% in the first quarter. Assenagon Asset Management S.A. now owns 349,659 shares of the financial services provider’s stock valued at $32,875,000 after acquiring an additional 300,930 shares during the period. 80.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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