Triumph Bancorp, Inc. (NASDAQ:TBK) – Analysts at B. Riley boosted their Q4 2022 earnings per share (EPS) estimates for Triumph Bancorp in a research note issued on Wednesday, January 12th. B. Riley analyst S. Moss now forecasts that the financial services provider will post earnings of $1.26 per share for the quarter, up from their prior forecast of $1.21. B. Riley currently has a “Buy” rating and a $170.00 price target on the stock. B. Riley also issued estimates for Triumph Bancorp’s Q1 2023 earnings at $1.06 EPS.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 7th. Raymond James raised their price objective on Triumph Bancorp from $112.00 to $148.00 and gave the company a “strong-buy” rating in a research note on Friday, October 22nd. Finally, Wells Fargo & Company lifted their price target on Triumph Bancorp from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, October 7th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $126.61.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Tuesday, October 19th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.14). The company had revenue of $103.83 million during the quarter, compared to analyst estimates of $107.66 million. Triumph Bancorp had a return on equity of 16.52% and a net margin of 27.40%. During the same quarter in the previous year, the business posted $0.91 EPS.
In other news, Director Richard Loren Davis sold 1,573 shares of the business’s stock in a transaction on Thursday, November 4th. The shares were sold at an average price of $124.68, for a total transaction of $196,121.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carlos M. Sepulveda sold 14,974 shares of the company’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $131.24, for a total transaction of $1,965,187.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,898 shares of company stock worth $4,954,249. Insiders own 6.23% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TBK. Comerica Bank grew its position in Triumph Bancorp by 1.1% during the 3rd quarter. Comerica Bank now owns 21,424 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 228 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Triumph Bancorp by 9.7% in the third quarter. Bank of New York Mellon Corp now owns 247,829 shares of the financial services provider’s stock valued at $24,814,000 after buying an additional 21,935 shares during the last quarter. Centiva Capital LP acquired a new position in Triumph Bancorp during the third quarter worth approximately $816,000. Colony Group LLC acquired a new position in Triumph Bancorp during the third quarter worth approximately $339,000. Finally, Phocas Financial Corp. grew its stake in Triumph Bancorp by 0.7% during the third quarter. Phocas Financial Corp. now owns 93,561 shares of the financial services provider’s stock worth $9,368,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc operates as a financial holding company which offers traditional banking and financial solutions. It operates through the following segments: Factoring, Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.
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