$ 107.30 million in expected sales for Triumph Bancorp, Inc. (NASDAQ: TBK) this quarter
Stock analysts expect Triumph Bancorp, Inc. (NASDAQ: TBK) to post revenue of $ 107.30 million for the current quarter, according to Zacks. Three analysts have provided earnings estimates for Triumph Bancorp. The lowest sales estimate is $ 105.20 million and the highest is $ 109.50 million. Triumph Bancorp posted sales of $ 84.87 million in the same quarter last year, suggesting a positive year-over-year growth rate of 26.4%. The company is expected to publish its next results on Monday, October 18.
On average, analysts expect Triumph Bancorp to report annual revenue of $ 412.86 million for the current year, with estimates ranging from $ 408.00 to $ 419.00 million. For the next fiscal year, analysts predict the company will post revenue of $ 439.66 million, with estimates ranging from $ 405.89 million to $ 457.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sales analysts who follow Triumph Bancorp.
Triumph Bancorp (NASDAQ: TBK) last announced its results on Tuesday, July 20. The financial services provider reported earnings per share of $ 1.08 for the quarter, beating the consensus estimate of $ 1.02 by $ 0.06. The company posted revenue of $ 104.18 million for the quarter, compared to a consensus estimate of $ 98.65 million. Triumph Bancorp recorded a return on equity of 17.14% and a net margin of 28.08%.
A number of research companies have recently commented on TBK. Stephens reissued an “equal weight” rating and issued a price target of $ 75.07 (previously $ 78.00) on shares of Triumph Bancorp in a research note on Tuesday, July 27. Zacks Investment Research downgraded Triumph Bancorp from a “buy” rating to a “conservation” rating in a research note on Friday, July 2. Finally, Raymond James reissued a “buy” note and issued a price target of $ 112.00 (up from $ 116.00 previously) on shares of Triumph Bancorp in a research note on Monday, July 26. Five analysts rated the stock with a conservation rating and two issued a buy rating for the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $ 75.87.
Meanwhile, Executive Vice President Todd Ritterbusch sold 4,846 shares of the company in a trade on Monday, June 14. The stock was sold at an average price of $ 80.48, for a total trade of $ 390,006.08. Following the sale, the Executive Vice President now directly owns 10,966 shares of the company, valued at $ 882,543.68. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website. 6.23% of the capital is held by insiders.
Several hedge funds have recently changed their holdings in the company. BlackRock Inc. increased its holdings of Triumph Bancorp shares by 2.8% in the first quarter. BlackRock Inc. now owns 3,656,128 shares of the financial services provider valued at $ 282,945,000 after purchasing an additional 100,698 shares last quarter. Vanguard Group Inc. increased its holdings of Triumph Bancorp shares by 10.4% in the second 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 last quarter. State Street Corp increased its holdings of Triumph Bancorp shares 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 in the last quarter. Royce & Associates LP increased its holdings of Triumph Bancorp shares by 21.7% in the first quarter. Royce & Associates LP now owns 716,399 shares of the financial services provider valued at $ 55,442,000 after purchasing an additional 127,798 shares last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Triumph Bancorp shares by 4.4% during 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 in the last quarter. Institutional investors and hedge funds hold 69.66% of the company’s shares.
TBK opened at $ 82.44 on Thursday. Triumph Bancorp has a one-year low of $ 26.86 and a one-year high of $ 97.49. The company has a debt to equity ratio of 0.24, a quick ratio of 1.06, and a current ratio of 1.06. The stock’s fifty-day moving average is $ 77.23 and its 200-day moving average is $ 80.94. The company has a market cap of $ 2.07 billion, a PE ratio of 18.16 and a beta of 1.06.
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.
See also: What does a dividend yield mean to investors?
Get a free copy of Zacks’ research report on Triumph Bancorp (TBK)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Triumph Bancorp now?
Before you consider Triumph Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Triumph Bancorp was not on the list.
While Triumph Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here