Triumph Bancorp, Inc. (NASDAQ:TBK) is set to announce third quarter earning results on Monday 19th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TBK to report 3Q20 income of $ 0.49 per share.
For the full year, analysts anticipate top line of $ 304.40 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
Triumph Bancorp, Inc. announced income for the second quarter of $ 0.25 per share, from the revenue of $ 84.28 million. The quarterly earnings contracted 47.92 percent while revenues extended 25.12 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.07 per share from $ 71.00 million in revenue. The bottom line results beat street analysts by $ 0.18 or 257.14 percent, at the same time, top line results outshined analysts by $ 13.28 million or 18.70 percent.
Stock Performance
On Friday, shares of Triumph Bancorp, Inc. has traded high as $ 42.53 and has cracked $ 41.21 on the downward trend, reaching $ 42.41 with volume of 124.20 thousand shares.
According to the previous trading day, closing price of $ 42.41, representing a 118.02 % increase from the 52 week low of $ 19.03 and a 3.85 % decrease over the 52 week high of $ 43.15.
The company has a market capital of $ 1.05 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 8th October 2020, upgraded by Wells Fargo & Co to Equal-Weight from Underweight rating.
- On 1st October 2020, initiated by Raymond James at Strong Buy rating, with $ 40.00 target price.
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 29.00 target price.
Conference Call
Triumph Bancorp, Inc. will be hosting a conference call at 8:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.triumphbancorp.com
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.
