Triumph Bancorp (TBK) to Post FY2019 Earnings of $3.31 Per Share, DA Davidson Forecasts

Triumph Bancorp (NASDAQ:TBK) – Analysts at DA Davidson boosted their FY2019 earnings per share (EPS) estimates for shares of Triumph Bancorp in a research note issued to investors on Tuesday, April 10th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings per share of $3.31 for the year, up from their previous forecast of $3.08.

TBK has been the subject of several other research reports. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research report on Saturday, January 13th. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, March 5th. ValuEngine downgraded Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Piper Jaffray restated a “hold” rating and set a $35.00 target price on shares of Triumph Bancorp in a research report on Tuesday, January 9th. Finally, Wells Fargo downgraded Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price objective for the company. in a research report on Thursday, April 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.56.



Triumph Bancorp stock opened at $39.05 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The company has a market cap of $987.02, a P/E ratio of 24.87, a P/E/G ratio of 1.30 and a beta of 0.92. Triumph Bancorp has a one year low of $20.50 and a one year high of $44.05.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The business had revenue of $49.79 million during the quarter, compared to the consensus estimate of $48.74 million. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%.

Several hedge funds have recently added to or reduced their stakes in the company. Phocas Financial Corp. raised its position in shares of Triumph Bancorp by 108.6% during the fourth quarter. Phocas Financial Corp. now owns 333,678 shares of the financial services provider’s stock worth $10,511,000 after acquiring an additional 173,725 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Triumph Bancorp during the fourth quarter worth $236,000. Millennium Management LLC raised its position in shares of Triumph Bancorp by 3.1% during the fourth quarter. Millennium Management LLC now owns 267,893 shares of the financial services provider’s stock worth $8,439,000 after acquiring an additional 8,051 shares during the last quarter. Forest Hill Capital LLC raised its position in shares of Triumph Bancorp by 40.5% during the fourth quarter. Forest Hill Capital LLC now owns 170,332 shares of the financial services provider’s stock worth $5,365,000 after acquiring an additional 49,139 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Triumph Bancorp by 1.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock worth $2,256,000 after acquiring an additional 1,360 shares during the last quarter. Institutional investors own 62.97% of the company’s stock.

WARNING: “Triumph Bancorp (TBK) to Post FY2019 Earnings of $3.31 Per Share, DA Davidson Forecasts” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://dakotafinancialnews.com/2018/04/12/triumph-bancorp-tbk-to-post-fy2019-earnings-of-3-31-per-share-da-davidson-forecasts.html.

About Triumph Bancorp

Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.

Earnings History and Estimates for Triumph Bancorp (NASDAQ:TBK)

Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply