DA Davidson Comments on Triumph Bancorp’s Q1 2018 Earnings (TBK)

Triumph Bancorp (NASDAQ:TBK) – Analysts at DA Davidson decreased their Q1 2018 earnings per share estimates for Triumph Bancorp in a report issued on Tuesday, April 10th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.56 per share for the quarter, down from their previous forecast of $0.57. DA Davidson also issued estimates for Triumph Bancorp’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.73 EPS and FY2018 earnings at $2.47 EPS.

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



Several other equities analysts have also issued reports on TBK. BidaskClub raised Triumph Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. 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 report on Thursday, April 5th. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 23rd. Finally, Piper Jaffray reiterated a “hold” rating and issued a $35.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $39.56.

Shares of TBK opened at $39.30 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Triumph Bancorp has a 12-month low of $20.50 and a 12-month high of $44.05. The firm has a market cap of $997.23, a PE ratio of 25.36, a PEG ratio of 1.33 and a beta of 0.92.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBK. Phocas Financial Corp. increased its holdings in shares of Triumph Bancorp by 108.6% in 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 in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Triumph Bancorp in the fourth quarter worth about $236,000. Millennium Management LLC increased its holdings in shares of Triumph Bancorp by 3.1% in 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 in the last quarter. Forest Hill Capital LLC increased its holdings in shares of Triumph Bancorp by 40.5% in 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 in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Triumph Bancorp by 1.9% in 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 in the last quarter. Institutional investors and hedge funds own 62.97% of the company’s stock.

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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)

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