Triumph Bancorp Inc (NASDAQ:TBK) – Analysts at DA Davidson cut their Q4 2018 EPS estimates for shares of Triumph Bancorp in a research report issued on Thursday, October 18th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.71. DA Davidson currently has a “Buy” rating and a $52.00 target price on the stock. DA Davidson also issued estimates for Triumph Bancorp’s Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.89 EPS and FY2019 earnings at $3.20 EPS.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Triumph Bancorp had a return on equity of 10.07% and a net margin of 15.39%. The company had revenue of $67.80 million during the quarter, compared to the consensus estimate of $67.43 million. During the same period last year, the business earned $0.47 EPS. The business’s quarterly revenue was up 55.1% on a year-over-year basis.

A number of other brokerages also recently weighed in on TBK. B. Riley raised their price objective on Triumph Bancorp from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, September 21st. BidaskClub raised Triumph Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Wells Fargo & Co set a $42.00 price objective on Triumph Bancorp and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Stephens reissued a “buy” rating and issued a $46.00 price objective on shares of Triumph Bancorp in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.56.

Shares of TBK stock opened at $35.60 on Monday. The company has a current ratio of 0.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. Triumph Bancorp has a twelve month low of $28.45 and a twelve month high of $44.70. The company has a market capitalization of $935.07 million, a P/E ratio of 22.68, a P/E/G ratio of 1.45 and a beta of 0.91.

In related news, Director C Todd Sparks acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average cost of $38.75 per share, with a total value of $116,250.00. Following the purchase, the director now owns 46,169 shares of the company’s stock, valued at $1,789,048.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC acquired a new position in Triumph Bancorp in the third quarter worth $16,939,000. Louisiana State Employees Retirement System acquired a new position in Triumph Bancorp in the third quarter worth $409,000. State of Alaska Department of Revenue acquired a new position in Triumph Bancorp in the third quarter worth $289,000. United Services Automobile Association boosted its stake in Triumph Bancorp by 31.7% in the second quarter. United Services Automobile Association now owns 7,224 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Triumph Bancorp by 45.0% in the second quarter. Northern Trust Corp now owns 285,499 shares of the financial services provider’s stock worth $11,634,000 after purchasing an additional 88,619 shares in the last quarter. 74.83% of the stock is currently owned by institutional investors.

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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