Triumph Bancorp Inc (NASDAQ:TBK) – Analysts at B. Riley lowered their Q3 2018 earnings per share (EPS) estimates for shares of Triumph Bancorp in a research report issued to clients and investors on Friday, September 21st. B. Riley analyst S. Moss now expects that the financial services provider will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.59. B. Riley currently has a “Buy” rating and a $50.00 price target on the stock. B. Riley also issued estimates for Triumph Bancorp’s FY2018 earnings at $2.30 EPS, Q2 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.90 EPS and FY2019 earnings at $3.20 EPS.

TBK has been the topic of several other reports. Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 20th. BidaskClub downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 13th. Stephens reiterated a “buy” rating and set a $46.00 price target on shares of Triumph Bancorp in a report on Thursday, July 19th. Finally, DA Davidson upped their price target on shares of Triumph Bancorp from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.67.

Shares of NASDAQ:TBK opened at $41.65 on Monday. The stock has a market cap of $1.09 billion, a P/E ratio of 26.53, a PEG ratio of 1.58 and a beta of 0.89. Triumph Bancorp has a 12 month low of $28.45 and a 12 month high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $58.20 million for the quarter, compared to the consensus estimate of $56.86 million. Triumph Bancorp had a net margin of 17.55% and a return on equity of 10.51%.

A number of institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Triumph Bancorp in the 1st quarter worth approximately $100,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Triumph Bancorp in the 1st quarter worth approximately $118,000. California Public Employees Retirement System purchased a new stake in shares of Triumph Bancorp in the 1st quarter worth approximately $249,000. Barclays PLC lifted its position in shares of Triumph Bancorp by 132.4% in the 1st quarter. Barclays PLC now owns 6,459 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 3,680 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Triumph Bancorp in the 2nd quarter worth approximately $270,000. 74.82% of the stock is owned by institutional investors.

In other Triumph Bancorp news, EVP Daniel J. Karas sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $41.96, for a total value of $125,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.40% of the stock is owned by insiders.

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

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