Analysts expect that Triumph Bancorp Inc (NASDAQ:TBK) will report $0.50 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Triumph Bancorp’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.55. Triumph Bancorp reported earnings of $0.52 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings results on Wednesday, April 17th.

According to Zacks, analysts expect that Triumph Bancorp will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $3.09. For the next financial year, analysts forecast that the business will report earnings of $3.33 per share, with EPS estimates ranging from $3.25 to $3.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Tuesday, January 22nd. The financial services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.03). The firm had revenue of $71.68 million during the quarter, compared to analyst estimates of $74.75 million. Triumph Bancorp had a net margin of 18.08% and a return on equity of 10.06%. During the same period last year, the business posted $0.34 earnings per share.

Several research firms have recently commented on TBK. Zacks Investment Research raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Stephens reissued a “buy” rating and issued a $40.00 target price on shares of Triumph Bancorp in a research note on Wednesday, December 19th. ValuEngine cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Finally, BidaskClub raised Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Triumph Bancorp currently has an average rating of “Hold” and an average price target of $47.33.

In related news, Director Michael P. Rafferty acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The stock was acquired at an average cost of $30.85 per share, with a total value of $30,850.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam D. Nelson sold 6,000 shares of Triumph Bancorp stock in a transaction on Friday, November 30th. The stock was sold at an average price of $37.84, for a total value of $227,040.00. The disclosure for this sale can be found here. 9.40% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in shares of Triumph Bancorp by 476.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 733 shares during the period. LS Investment Advisors LLC grew its stake in shares of Triumph Bancorp by 414.0% during the fourth quarter. LS Investment Advisors LLC now owns 3,598 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 2,898 shares during the period. Piedmont Investment Advisors Inc. grew its stake in shares of Triumph Bancorp by 1,234.8% during the third quarter. Piedmont Investment Advisors Inc. now owns 5,566 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 5,149 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Triumph Bancorp during the third quarter worth $220,000. Finally, LPL Financial LLC grew its stake in shares of Triumph Bancorp by 27.6% during the third quarter. LPL Financial LLC now owns 6,416 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,387 shares during the period. 83.20% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ TBK traded up $0.03 during midday trading on Wednesday, hitting $30.44. The stock had a trading volume of 7,073 shares, compared to its average volume of 186,051. The stock has a market capitalization of $799.17 million, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. Triumph Bancorp has a fifty-two week low of $27.47 and a fifty-two week high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00.

About Triumph Bancorp

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

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