Triumph Bancorp Inc Forecasted to Earn Q1 2020 Earnings of $0.90 Per Share (TBK)
Triumph Bancorp Inc (NASDAQ:TBK) – Investment analysts at Piper Jaffray Companies issued their Q1 2020 earnings per share estimates for shares of Triumph Bancorp in a research report issued on Thursday, September 20th. Piper Jaffray Companies analyst B. Rabatin forecasts that the financial services provider will post earnings of $0.90 per share for the quarter. Piper Jaffray Companies also issued estimates for Triumph Bancorp’s Q2 2020 earnings at $0.95 EPS.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). The business had revenue of $58.20 million for the quarter, compared to analysts’ expectations of $56.86 million. Triumph Bancorp had a net margin of 17.55% and a return on equity of 10.51%.
NASDAQ TBK opened at $40.25 on Monday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Triumph Bancorp has a 52 week low of $28.45 and a 52 week high of $44.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.
Several institutional investors and hedge funds have recently made changes to their positions in TBK. Wells Fargo & Company MN increased its position in shares of Triumph Bancorp by 58.0% during the first quarter. Wells Fargo & Company MN now owns 47,210 shares of the financial services provider’s stock valued at $1,945,000 after buying an additional 17,337 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Triumph Bancorp during the first quarter valued at about $293,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Triumph Bancorp during the first quarter valued at about $295,000. Schwab Charles Investment Management Inc. increased its position in shares of Triumph Bancorp by 11.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 84,573 shares of the financial services provider’s stock valued at $3,485,000 after buying an additional 8,375 shares during the period. Finally, California Public Employees Retirement System bought a new stake in shares of Triumph Bancorp during the first quarter valued at about $249,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.
In related news, Director C Todd Sparks purchased 3,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were purchased at an average cost of $38.75 per share, for a total transaction of $116,250.00. Following the completion of the transaction, the director now directly owns 46,169 shares in the company, valued at approximately $1,789,048.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.40% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
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