Triumph Bancorp Inc (NASDAQ:TBK) – Investment analysts at B. Riley lowered their Q1 2020 earnings per share estimates for shares of Triumph Bancorp in a research report issued to clients and investors on Monday, March 9th. B. Riley analyst S. Moss now expects that the financial services provider will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.46. B. Riley currently has a “Neutral” rating and a $33.00 price target on the stock. B. Riley also issued estimates for Triumph Bancorp’s Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.52 EPS, Q4 2020 earnings at $0.55 EPS, Q3 2021 earnings at $0.63 EPS and Q4 2021 earnings at $0.65 EPS.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $75.07 million for the quarter, compared to the consensus estimate of $75.64 million. Triumph Bancorp had a net margin of 17.08% and a return on equity of 9.15%. During the same quarter last year, the firm posted $0.67 EPS.TBK has been the topic of a number of other research reports. DA Davidson downgraded shares of Triumph Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Monday, February 10th. BidaskClub downgraded shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler cut their target price on shares of Triumph Bancorp from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Finally, ValuEngine downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.25.
NASDAQ TBK opened at $22.72 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $748.25 million, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. The company’s 50-day simple moving average is $38.24 and its two-hundred day simple moving average is $35.18. Triumph Bancorp has a one year low of $22.52 and a one year high of $43.15.
Several institutional investors have recently modified their holdings of TBK. Driehaus Capital Management LLC grew its position in shares of Triumph Bancorp by 298.6% in the 4th quarter. Driehaus Capital Management LLC now owns 354,693 shares of the financial services provider’s stock worth $13,485,000 after buying an additional 265,719 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of Triumph Bancorp by 106.4% in the 4th quarter. Kennedy Capital Management Inc. now owns 177,027 shares of the financial services provider’s stock worth $6,731,000 after buying an additional 91,249 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Triumph Bancorp by 306.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 73,356 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 55,286 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Triumph Bancorp by 107.8% in the 4th quarter. California Public Employees Retirement System now owns 101,520 shares of the financial services provider’s stock worth $3,860,000 after buying an additional 52,665 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Triumph Bancorp by 134.5% in the 4th quarter. Barclays PLC now owns 73,777 shares of the financial services provider’s stock worth $2,805,000 after buying an additional 42,316 shares during the last quarter. 78.33% of the stock is currently owned by hedge funds and other institutional investors.
About Triumph Bancorp
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.
