Zacks: Analysts Expect Triumph Bancorp, Inc. (NASDAQ: TBK) to Report Quarterly Sales of $116.26 Million

Analysts expect Triumph Bancorp, Inc. (NASDAQ:TBK – Get a rating) will report sales of $116.26 million for the current quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Triumph Bancorp, with estimates ranging from $114.48 million to $118.90 million. Triumph Bancorp posted sales of $97.31 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.5%. The company is due to release its next earnings report on Monday, January 1.

On average, analysts expect Triumph Bancorp to report annual sales of $487.60 million for the current fiscal year, with estimates ranging from $481.70 million to $495.50 million. For the next fiscal year, analysts expect the company to report sales of $541.79 million, with estimates ranging from $538.20 to $545.67 million. Zacks sales calculations are an average average based on a survey of sell-side research companies that cover Triumph Bancorp.

Triumph Bancorp (NASDAQ:TBK – Get a rating) last released its quarterly earnings data on Thursday, January 20. The financial services provider reported earnings per share of $1.02 for the quarter, matching the consensus estimate of $1.02. The company posted revenue of $118.32 million for the quarter, versus analyst estimates of $110.82 million. Triumph Bancorp had a return on equity of 15.09% and a net margin of 25.56%. During the same period a year earlier, the company posted EPS of $1.25.

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TBK has been the subject of several analyst reports. B. Riley cut his price target on Triumph Bancorp from $170.00 to $152.00 and set a “buy” rating on the stock in a Monday, January 24 research note. Raymond James lowered his price target on Triumph Bancorp from $148.00 to $132.00 and set a “Strong Buy” rating for the company in a Monday, January 24 report. Zacks Investment Research upgraded Triumph Bancorp from a “sell” rating to a “buy” rating and set a price target of $110.00 for the company in a Tuesday, March 29 report. To finish, launched coverage on Triumph Bancorp in a report on Thursday, March 31. They issued a “sell” rating for the company. One financial analyst has assigned the stock a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned the company a strong buy rating. Based on MarketBeat data, Triumph Bancorp has a consensus rating of “Buy” and an average price target of $115.21.

NASDAQ:TBK opened at $79.88 on Friday. The stock’s fifty-day moving average price is $93.65 and its two-hundred-day moving average price is $107.49. Triumph Bancorp has a 52-week low of $69.01 and a 52-week high of $136.01. The company has a debt ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $2.01 billion, a price-earnings ratio of 18.32 and a beta of 0.95.

In related news, the director Harrison B. Barnes bought 1,000 shares of the company in a trade on Friday, February 11. The shares were purchased at an average price of $94.86 per share, with a total value of $94,860.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders hold 5.30% of the shares of the company.

Major investors have recently changed their stake in the company. USA Financial Portformulas Corp acquired a new position in shares of Triumph Bancorp during the fourth quarter worth $31,000. CENTRAL TRUST Co increased its stake in Triumph Bancorp by 100.4% in the fourth quarter. CENTRAL TRUST Co now owns 545 shares of the financial services provider worth $65,000 after purchasing an additional 273 shares during the period. Steward Financial Group LLC acquired a new position in Triumph Bancorp in the fourth quarter worth $238,000. Commonwealth Equity Services LLC acquired a new position in Triumph Bancorp in the third quarter worth $227,000. Finally, Profund Advisors LLC acquired a new position in Triumph Bancorp in the third quarter worth $228,000. Institutional investors hold 80.83% of the company’s shares.

Triumph Bancorp Company Profile (Get a rating)

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB which provides various banking and commercial products and services to retail and small and medium business customers in the United States. The Company operates through four segments: Banking, Factoring, Payments and Corporate.

See also

Get a free copy of Zacks’ research report on Triumph Bancorp (TBK)

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Earnings history and estimates for Triumph Bancorp (NASDAQ:TBK)

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