FY2018 Earnings Estimate for Triumph Bancorp, Inc. (TBK) Issued By B. Riley
Triumph Bancorp, Inc. (NASDAQ:TBK) – Stock analysts at B. Riley boosted their FY2018 earnings per share (EPS) estimates for Triumph Bancorp in a research report issued on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings per share of $2.60 for the year, up from their prior estimate of $2.15. B. Riley also issued estimates for Triumph Bancorp’s FY2019 earnings at $2.95 EPS.
A number of other research firms have also recently weighed in on TBK. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Saturday. BidaskClub raised Triumph Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $35.00 price target on shares of Triumph Bancorp in a report on Tuesday, January 9th. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the company a “buy” rating in a report on Friday, December 22nd. Finally, FBR & Co reaffirmed a “hold” rating and set a $32.00 price target on shares of Triumph Bancorp in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $35.86.
Shares of Triumph Bancorp (TBK) opened at $35.45 on Monday. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $36.13. The firm has a market capitalization of $738.10, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.39 and a beta of 0.81. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. The firm had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in shares of Triumph Bancorp by 312.0% in the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,953 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Triumph Bancorp in the 3rd quarter valued at $210,000. First Dallas Securities Inc. acquired a new stake in shares of Triumph Bancorp in the 3rd quarter valued at $221,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Triumph Bancorp in the 3rd quarter valued at $261,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Triumph Bancorp in the 2nd quarter valued at $218,000. 61.32% of the stock is owned by institutional investors.
In other news, Director Maribess L. Miller bought 5,504 shares of the stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $29.77 per share, with a total value of $163,854.08. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 6,504 shares of company stock valued at $195,094 over the last three months. Insiders own 12.35% of the company’s stock.
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About Triumph Bancorp
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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