Wall Street analysts expect Triumph Bancorp Inc (NASDAQ:TBK) to post sales of $39.21 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Triumph Bancorp’s earnings, with the highest sales estimate coming in at $40.2 million and the lowest estimate coming in at $37.83 million. Triumph Bancorp posted sales of $29.58 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.6%. The company is scheduled to announce its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that Triumph Bancorp will report full-year sales of $39.21 million for the current financial year, with estimates ranging from $162.2 million to $183.4 million. For the next financial year, analysts anticipate that the company will report sales of $180.75 million per share, with estimates ranging from $178.66 million to $184.5 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Triumph Bancorp.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.34. The business had revenue of $59.10 million during the quarter, compared to the consensus estimate of $39.48 million. Triumph Bancorp had a net margin of 14.23% and a return on equity of 8.14%. A number of brokerages recently commented on TBK. Piper Jaffray Companies cut Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $24.00 price target on the stock. in a research report on Monday, April 24th. Zacks Investment Research cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, April 15th. FBR & Co restated an “outperform” rating and issued a $30.00 price target on shares of Triumph Bancorp in a research report on Friday, March 24th. DA Davidson began coverage on Triumph Bancorp in a research report on Tuesday, March 21st. They issued a “buy” rating and a $31.00 price target on the stock. Finally, TheStreet cut Triumph Bancorp from a “b-” rating to a “c” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.
In other Triumph Bancorp news, Director Charles A. Anderson bought 4,500 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were purchased at an average price of $22.46 per share, for a total transaction of $101,070.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael P. Rafferty bought 1,500 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was acquired at an average price of $21.98 per share, for a total transaction of $32,970.00. Following the transaction, the director now owns 22,187 shares of the company’s stock, valued at $487,670.26. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,651 shares of company stock worth $258,011. Company insiders own 9.84% of the company’s stock. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBK. RMB Capital Management LLC acquired a new position in Triumph Bancorp during the third quarter worth about $34,801,000. Wellington Management Group LLP raised its stake in shares of Triumph Bancorp by 889.6% in the first quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock worth $27,652,000 after buying an additional 963,465 shares during the last quarter. Mendon Capital Advisors Corp raised its stake in shares of Triumph Bancorp by 0.4% in the first quarter. Mendon Capital Advisors Corp now owns 927,560 shares of the financial services provider’s stock worth $23,931,000 after buying an additional 3,280 shares during the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of Triumph Bancorp by 4.4% in the fourth quarter. Basswood Capital Management L.L.C. now owns 912,517 shares of the financial services provider’s stock worth $23,862,000 after buying an additional 38,833 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Triumph Bancorp by 5.3% in the first quarter. Vanguard Group Inc. now owns 649,763 shares of the financial services provider’s stock worth $16,764,000 after buying an additional 32,511 shares during the last quarter. Hedge funds and other institutional investors own 44.67% of the company’s stock.
About Triumph Bancorp Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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