Piper Jaffray Companies Comments on Triumph Bancorp Inc’s Q4 2018 Earnings (TBK)
Triumph Bancorp Inc (NASDAQ:TBK) – Piper Jaffray Companies lowered their Q4 2018 earnings estimates for Triumph Bancorp in a note issued to investors on Friday, October 19th. Piper Jaffray Companies analyst B. Rabatin now forecasts that the financial services provider will post earnings per share of $0.72 for the quarter, down from their prior estimate of $0.77. Piper Jaffray Companies also issued estimates for Triumph Bancorp’s Q1 2019 earnings at $0.73 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.91 EPS, FY2019 earnings at $3.31 EPS, Q1 2020 earnings at $0.89 EPS, Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $0.99 EPS and FY2020 earnings at $3.85 EPS.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Triumph Bancorp had a return on equity of 10.07% and a net margin of 15.39%. The company had revenue of $67.80 million for the quarter, compared to the consensus estimate of $67.43 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 55.1% on a year-over-year basis.
Triumph Bancorp stock opened at $35.60 on Monday. Triumph Bancorp has a 12 month low of $28.45 and a 12 month high of $44.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 0.98. The company has a market capitalization of $935.07 million, a PE ratio of 22.68, a PEG ratio of 1.45 and a beta of 0.91.
In related news, Director C Todd Sparks purchased 3,000 shares of Triumph Bancorp stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average price of $38.75 per share, with a total value of $116,250.00. Following the completion of the transaction, the director now directly owns 46,169 shares of the company’s stock, valued at approximately $1,789,048.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.40% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Triumph Bancorp by 60.4% during the second quarter. BlackRock Inc. now owns 1,661,319 shares of the financial services provider’s stock worth $67,698,000 after buying an additional 625,290 shares in the last quarter. Hodges Capital Management Inc. grew its position in Triumph Bancorp by 146.5% during the second quarter. Hodges Capital Management Inc. now owns 833,817 shares of the financial services provider’s stock worth $33,978,000 after buying an additional 495,552 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Triumph Bancorp by 28.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 784,564 shares of the financial services provider’s stock valued at $31,971,000 after purchasing an additional 174,755 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Triumph Bancorp by 174.0% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 700,550 shares of the financial services provider’s stock valued at $28,547,000 after purchasing an additional 444,844 shares in the last quarter. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of Triumph Bancorp in the 2nd quarter valued at $19,219,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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