Triumph Bancorp (NASDAQ: TBK) Reports Earnings Results, Misses $ 0.14 EPS Expectations
Triumph Bancorp (NASDAQ: TBK) announced its quarterly results on Wednesday. The financial services provider reported EPS of $ 0.94 for the quarter, missing Zacks’ consensus estimate of $ 1.08 of ($ 0.14), MarketWatch Results reports. Triumph Bancorp had a net margin of 28.08% and a return on equity of 17.14%. During the same period last year, the company achieved EPS of $ 0.91.
Shares of TBK opened at $ 112.38 on Thursday. The company has a market cap of $ 2.82 billion, a P / E ratio of 24.75 and a beta of 1.07. The stock has a 50-day simple moving average of $ 89.27 and a two-hundred-day simple moving average of $ 84.57. The company has a debt to equity ratio of 0.24, a quick ratio of 1.06, and a current ratio of 1.06. Triumph Bancorp has a 52 week low of $ 40.12 and a 52 week high of $ 112.65.
A number of analysts recently commented on the company. Wells Fargo & Company raised its price target on Triumph Bancorp from $ 90.00 to $ 107.00 and gave the company an “equal weight” rating in a research note on Thursday, October 7. Stephens reaffirmed an “equal weight” rating and issued a price target of $ 75.07 (vs. $ 78.00) on shares of Triumph Bancorp in a research note on Tuesday, July 27. Raymond James reaffirmed a “buy” note and issued a price target of $ 112.00 (vs. $ 116.00) on shares of Triumph Bancorp in a research note on Monday, July 26. Zacks investment research downgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a price target of $ 117.00 on the stock in a research note on Tuesday, October 5. Finally, B. Riley raised his price target on Triumph Bancorp from $ 110.00 to $ 125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 29. Three investment analysts gave the stock a conservation rating and three gave the company’s stock a buy rating. Based on MarketBeat data, Triumph Bancorp has a consensus rating of “Buy” and a consensus target price of $ 96.85.
In other Triumph Bancorp news, director C Todd Sparks sold 3,800 shares of Triumph Bancorp in a trade that took place on Wednesday, September 22. The stock was sold for an average price of $ 85.30, for a total value of $ 324,140.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. During the last quarter, insiders sold 82,344 shares of the company valued at $ 7,509,004. 6.23% of the shares are currently held by insiders.
A hedge fund recently increased its stake in Triumph Bancorp stock. Morgan Stanley increased its position in shares of Triumph Bancorp, Inc. (NASDAQ: TBK) by 139.5% in the 2nd quarter, according to the company in its latest Form 13F filed with the Securities & Exchange Commission. The institutional investor held 134,064 shares of the financial services provider after acquiring an additional 78,083 shares during the quarter. Morgan Stanley owned approximately 0.53% of Triumph Bancorp for a value of $ 9,954,000 at the time of its last filing with the Securities & Exchange Commission. 79.50% of the shares are currently held by institutional investors.
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.
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