Fourth quarter 2022 EPS estimates for Triumph Bancorp, Inc. (NASDAQ: TBK) fell by analyst


Triumph Bancorp, Inc. (NASDAQ: TBK) – Piper Sandler research analysts lowered their earnings per share (EPS) estimates in the fourth quarter of 2022 for Triumph Bancorp in a research report released on Thursday, October 21. Piper Sandler analyst B. Milsaps now expects the financial services provider to earn $ 1.05 per share for the quarter, down from its previous forecast of $ 1.18. Piper Sandler also released estimates for Triumph Bancorp’s earnings for fiscal 2023 at $ 5.15 per share.

Other stock analysts have also published reports on the stock. Stephens reiterated an “equal weight” note and issued a price target of $ 75.07 (vs. $ 78.00) on shares of Triumph Bancorp in a research report on Tuesday, July 27. Wells Fargo & Company raised its price target for Triumph Bancorp shares from $ 90.00 to $ 107.00 and gave the company an “equal weight” rating in a research report on Thursday, October 7. Zacks investment research upgraded Triumph Bancorp shares from a “hold” rating to a “buy” rating and set a target price of $ 117.00 on the stock in a research report released on Tuesday, October 5. Raymond James raised his target price on Triumph Bancorp shares from $ 112.00 to $ 148.00 and gave the stock a “strong buy” rating in a research report on Friday. Finally, B. Riley reaffirmed a “buy” rating and set a target price of $ 153.00 (vs. $ 125) for shares of Triumph Bancorp in a research report released Friday. They noted that the move was an appraisal call. Three equity research analysts rated the stock with a conservation rating, two issued a buy rating, and one gave the company a high buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $ 107.51.

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Actions of TBK open for $ 115.90 on Mondays. The company’s 50-day simple moving average is $ 89.27 and its 200-day simple moving average is $ 84.59. Triumph Bancorp has a 12-month low of $ 40.12 and a 12-month high of $ 116.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt ratio of 0.24. The company has a market cap of $ 2.91 billion, a PE ratio of 25.53 and a beta of 1.07. Triumph Bancorp (NASDAQ: TBK) last released its quarterly earnings data on Tuesday, October 19. The financial services provider reported earnings per share of $ 0.94 for the quarter, missing analyst consensus estimates of $ 1.08 per ($ 0.14). Triumph Bancorp recorded a return on equity of 17.14% and a net margin of 28.08%. In the same quarter of last year, the company posted EPS of $ 0.91.

Separately, Director C Todd Sparks sold 6,067 shares of the company in a trade dated Friday, September 24. The stock was sold at an average price of $ 89.19, for a total trade of $ 541,115.73. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this hyperlink. In the past ninety days, insiders have sold 82,344 shares of the company valued at $ 7,509,004. Company insiders own 6.23% of the company’s shares.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Triumph Bancorp by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,607,753 shares of the financial services provider valued at $ 119,376,000 after purchasing an additional 151,989 shares in the last quarter. State Street Corp increased its position in Triumph Bancorp by 18.2% in the second quarter. State Street Corp now owns 1,091,515 shares of the financial services provider valued at $ 81,045,000 after purchasing an additional 167,858 shares during the period. Thrivent Financial for Lutherans increased its position in Triumph Bancorp by 4.4% in the second quarter. Thrivent Financial for Lutherans now owns 635,892 shares of the financial services provider valued at $ 47,215,000 after purchasing an additional 26,532 shares during the period. American Century Companies Inc. increased its position in Triumph Bancorp by 4.8% in the second quarter. American Century Companies Inc. now owns 439,114 shares of the financial services provider valued at $ 32,604,000 after purchasing an additional 20,291 shares during the period. Finally, Geode Capital Management LLC strengthened its position in Triumph Bancorp by 3.8% in the second quarter. Geode Capital Management LLC now owns 397,111 shares of the financial services provider valued at $ 29,485,000 after purchasing an additional 14,580 shares during the period. Hedge funds and other institutional investors hold 79.50% of the company’s shares.

About Triumph Bancorp

Triumph Bancorp, Inc. operates as a financial holding company providing traditional banking and financial solutions. It operates through the following segments: Factoring, Banking and Corporates. The Factoring segment comprises the activities of Triumph Business Capital which offers factoring services.

Further Reading: How Important Is Technical Analysis Of Stocks

History and earnings estimates for Triumph Bancorp (NASDAQ: TBK)

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