Triumph Bancorp, Inc. (NASDAQ:TBK) Expected to Post Quarterly Sales of $114.16 Million

Equities research analysts predict that Triumph Bancorp, Inc. (NASDAQ:TBKGet Rating) will report sales of $114.16 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Triumph Bancorp’s earnings. The highest sales estimate is $114.30 million and the lowest is $113.90 million. Triumph Bancorp reported sales of $104.18 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Triumph Bancorp will report full-year sales of $467.72 million for the current year, with estimates ranging from $461.60 million to $473.65 million. For the next year, analysts anticipate that the business will report sales of $519.74 million, with estimates ranging from $496.80 million to $546.93 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBKGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.09). Triumph Bancorp had a return on equity of 13.30% and a net margin of 22.77%. During the same quarter in the prior year, the business earned $1.32 EPS.

Several equities analysts have commented on the stock. Piper Sandler decreased their target price on shares of Triumph Bancorp from $106.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, April 22nd. StockNews.com assumed coverage on shares of Triumph Bancorp in a report on Thursday, March 31st. They issued a “sell” rating on the stock. B. Riley decreased their target price on shares of Triumph Bancorp from $152.00 to $142.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, Raymond James decreased their price target on shares of Triumph Bancorp from $132.00 to $125.00 and set a “strong-buy” rating on the stock in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.85.

NASDAQ:TBK opened at $65.55 on Friday. Triumph Bancorp has a 52 week low of $65.00 and a 52 week high of $136.01. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 16.51 and a beta of 1.09. The firm’s 50-day simple moving average is $80.78 and its 200 day simple moving average is $100.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.09.

Hedge funds and other institutional investors have recently modified their holdings of the company. USA Financial Portformulas Corp acquired a new position in shares of Triumph Bancorp in the 4th quarter worth approximately $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Triumph Bancorp in the 1st quarter worth approximately $48,000. CENTRAL TRUST Co lifted its position in shares of Triumph Bancorp by 100.4% in the 4th quarter. CENTRAL TRUST Co now owns 545 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 273 shares during the period. Quantbot Technologies LP acquired a new position in shares of Triumph Bancorp in the 1st quarter worth approximately $67,000. Finally, Captrust Financial Advisors lifted its position in shares of Triumph Bancorp by 48.7% in the 1st quarter. Captrust Financial Advisors now owns 919 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 85.69% of the company’s stock.

About Triumph Bancorp (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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