Brokerages Anticipate Triumph Bancorp, Inc. (NASDAQ:TBK) Will Post Quarterly Sales of $114.16 Million

Brokerages predict that Triumph Bancorp, Inc. (NASDAQ:TBKGet 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:TBKGet 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.

TBK has been the subject of several recent analyst reports. B. Riley reduced their target price on Triumph Bancorp from $152.00 to $142.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. StockNews.com initiated coverage on Triumph Bancorp in a report on Thursday, March 31st. They set a “sell” rating for the company. Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Raymond James cut their price target on shares of Triumph Bancorp from $132.00 to $125.00 and set a “strong-buy” rating for the company in a research note on Friday, April 22nd. Finally, Piper Sandler lowered their price objective on shares of Triumph Bancorp from $106.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Triumph Bancorp presently has a consensus rating of “Hold” and a consensus target price of $104.85.

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

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