Triumph Bancorp (NASDAQ:TBK) is set to post its quarterly earnings results after the market closes on Thursday, January 21st. Analysts expect Triumph Bancorp to post earnings of $0.83 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Monday, October 19th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.43. Triumph Bancorp had a net margin of 13.50% and a return on equity of 6.84%. The firm had revenue of $84.87 million for the quarter, compared to analyst estimates of $79.98 million. On average, analysts expect Triumph Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NASDAQ:TBK opened at $58.78 on Thursday. The company's 50 day moving average price is $50.06 and its two-hundred day moving average price is $37.22. Triumph Bancorp has a 12-month low of $19.03 and a 12-month high of $60.85. The firm has a market cap of $1.46 billion, a PE ratio of 30.46 and a beta of 1.28. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.43.
In related news, CEO Aaron P. Graft sold 19,101 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $45.71, for a total value of $873,106.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Todd Ritterbusch acquired 4,000 shares of the company's stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of $26.00 per share, with a total value of $104,000.00. Following the purchase, the executive vice president now owns 11,000 shares in the company, valued at $286,000. The disclosure for this purchase can be found here. In the last three months, insiders sold 75,601 shares of company stock valued at $3,381,722. 9.53% of the stock is owned by insiders.
A number of research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Triumph Bancorp from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $21.00 to $27.50 in a research report on Thursday, October 8th. Keefe, Bruyette & Woods lowered shares of Triumph Bancorp from an "outperform" rating to a "market perform" rating and set a $45.00 target price on the stock. in a research report on Wednesday, November 11th. They noted that the move was a valuation call. Raymond James downgraded shares of Triumph Bancorp from a "strong-buy" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $50.00 in a report on Wednesday, October 21st. Piper Sandler upped their price target on shares of Triumph Bancorp from $25.50 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, September 30th. Finally, BidaskClub raised shares of Triumph Bancorp from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 7th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Triumph Bancorp presently has an average rating of "Buy" and an average price target of $40.81.
Triumph Bancorp Company Profile
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.
Read More: Rule of 72
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
20 "Past Their Prime" Stocks to Dump From Your Portfolio
Did you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ago? In 1987, IBM, Exxon, GE, Shell, AT&T, Merck, Du Pont, Philip Morris, Ford, and GM had the largest market caps on the S&P 500. ExxonMobil is the only company on that list to remain in the top 10 in 2017. Even 15 years ago, companies like Radio Shack, AOL, Yahoo, and Blockbuster were an important part of the S&P 500. Now, these companies no longer exist as public companies.
As the years go by, some companies lose their luster, and others rise to the top of the markets. We've already seen this in the last few decades, with tech companies surpassing industrial and energy companies that once dominated the S&P 500. It's hard to know what the next mega-trend will be that will knock Apple, Google, and Amazon off the top rankings of the S&P 500, but we know that companies won't stay on the S&P 500 forever.
We've identified 20 companies that are past their prime. They aren't at risk of a near-term delisting from the S&P 500, but they show negative earnings growth for the next several years. If you own any of these stocks, consider selling them now before they become the next Yahoo, Radio Shack, Blockbuster, AOL and are sold off for a fraction of their former value.
View the "20 "Past Their Prime" Stocks to Dump From Your Portfolio".
