Brokers Issue Forecasts for Triumph Bancorp Inc’s Q2 2019 Earnings (TBK)

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Triumph Bancorp Inc (NASDAQ:TBK) – Piper Jaffray Companies decreased their Q2 2019 earnings per share (EPS) estimates for shares of Triumph Bancorp in a report released on Monday, April 22nd. Piper Jaffray Companies analyst B. Rabatin now anticipates that the financial services provider will post earnings of $0.49 per share for the quarter, down from their prior forecast of $0.62. Piper Jaffray Companies has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Triumph Bancorp’s Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.77 EPS and Q4 2020 earnings at $0.82 EPS.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $68.85 million for the quarter, compared to analyst estimates of $70.32 million. Triumph Bancorp had a return on equity of 9.61% and a net margin of 17.70%. During the same quarter in the previous year, the company earned $0.52 EPS.

Several other research analysts also recently issued reports on TBK. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 26th. Stephens set a $40.00 price objective on Triumph Bancorp and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. BidaskClub upgraded Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, B. Riley set a $33.00 price objective on Triumph Bancorp and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.80.

Shares of Triumph Bancorp stock opened at $28.57 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Bancorp has a 1 year low of $27.47 and a 1 year high of $44.70. The company has a market cap of $784.71 million, a P/E ratio of 12.93, a P/E/G ratio of 1.08 and a beta of 1.12.

A number of institutional investors and hedge funds have recently modified their holdings of TBK. BlackRock Inc. raised its holdings in Triumph Bancorp by 111.0% in the 3rd quarter. BlackRock Inc. now owns 3,505,351 shares of the financial services provider’s stock valued at $133,903,000 after acquiring an additional 1,844,032 shares during the last quarter. NFC Investments LLC raised its holdings in Triumph Bancorp by 147.6% in the 4th quarter. NFC Investments LLC now owns 555,018 shares of the financial services provider’s stock valued at $16,484,000 after acquiring an additional 330,818 shares during the last quarter. Vanguard Group Inc raised its holdings in Triumph Bancorp by 28.4% in the 3rd quarter. Vanguard Group Inc now owns 1,391,825 shares of the financial services provider’s stock valued at $53,167,000 after acquiring an additional 307,629 shares during the last quarter. Vanguard Group Inc. raised its holdings in Triumph Bancorp by 28.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,391,825 shares of the financial services provider’s stock valued at $53,167,000 after acquiring an additional 307,629 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Triumph Bancorp by 96.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 358,447 shares of the financial services provider’s stock valued at $13,694,000 after acquiring an additional 176,051 shares during the last quarter. Institutional investors own 81.71% of the company’s stock.

In related news, Director Michael P. Rafferty acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was purchased at an average cost of $30.85 per share, for a total transaction of $30,850.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.54% 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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Earnings History and Estimates for Triumph Bancorp (NASDAQ:TBK)

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