Triumph Bancorp Inc. [NASDAQ:TBK] will report earnings after markets close on Thursday, January 21st.
TBK Earnings Forecast For The Current Quarter
Triumph Bancorp Inc. [TBK] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $84.85M and an earnings per share of $0.82 for Dec 2020. Looking further ahead, the company is expected to report revenue of $78.52M at an EPS of $0.59 for Mar 2021. The estimates represent upside of 6.20% and 36.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TBK Earnings Estimates For The Current Year
For the financial year, Triumph Bancorp Inc. [NASDAQ:TBK] is expected to bring in revenue of $312.81M. The returns are nearly $25.34 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.08, lower than that of FY19 by -$0.17. Estimates put this year’s earnings growth at -7.60%, 37.00% for the next, and at an annual 12.00% over the next 5-year period. As for sales, forecasts are for an increase of 8.80% in the current fiscal year and a further 6.20% over the following year.
TBK Price Performance
On Wall Street, Triumph Bancorp Inc. [NASDAQ:TBK] finished Tuesday’s session down -1.39% at $58.05. The stock went up to $59.10 at the same session while its lowest single day price was $57.11. In the last five days, it saw a fall of about -1.58%, Triumph Bancorp Inc. shares gained by almost 19.57% since the beginning of the year. However, the share price has dropped to as low as -4.60% below its one year high. On 01/12/21, the company shares recorded $60.85, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $48.31. The company’s shares have inclined by 51.61% in the past year. The 50-day SMA achieved is $49.80 while the 200-day SMA is $33.80. Volume gained to 0.17 million from 0.14 million in the previous session.
Triumph Bancorp Inc. [TBK] Valuation Measures
Notably, Triumph Bancorp Inc. [TBK] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 30.20. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.67 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means TBK serve an unattractive investment opportunity compared to its competitors.
TBK Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 58.05 level, and in case of violation of this particular level, it will cause more drop to 57.07 level. On the upper level, 61.05 is still the key resistance. The stock may increase to the subsequent resistance at 60.08. The Relative Strength Index (RSI) pinned on the 14-day chart is 66.30, implying a neutral technical stance while the MACD stands at 3.32, meaning price will increase in the next trading period. Percent R indicator moved to 21.89%, implying bullish price movement. Stochastic %K at 82.82% suggest selling the stock.
Is Triumph Bancorp Inc. [NASDAQ:TBK] a Good Buy Right Now?
It should be noted that TBK technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Triumph Bancorp Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.16 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.16 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.16 million shares.
What is the short interest in Triumph Bancorp Inc.?
Short interest in the Triumph Bancorp Inc. stock has plunged, decreasing by -0.14 million shares to total 1.23 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 1.09 million, data from Yahoo Finance shows. The increase of 11.38% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 6.42% of the overall float for the stock.
Triumph Bancorp Inc.’s Biggest Shareholders: Who Owns Triumph Bancorp Inc. [TBK]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 3,101,532 shares or roughly 12.48% of the outstanding TBK shares. This means their shares have increased by 21,946 from the 3,101,532 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Wellington Management Co. LLP updated stake is worth $118,903,854. The Thrivent Asset Management LLC’s holdings currently number 1,072,929 shares at $62283528.449999996. According to the firm’s last 13F report, Dimensional Fund Advisors LP shares in the company at filing stood at 1,070,358 shares, roughly $51,965,881.
What are analyst thoughts on Triumph Bancorp Inc.?
Looking forward to the Triumph Bancorp Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Triumph Bancorp Inc. stock at $50.00 within the next 12 months, which represents almost -16.1 per cent growth from its previous closing price of $58.05. The highest analysts’ target for Triumph Bancorp Inc. stock projections is $55.00 and the lowest one is $42.00. Still, 7 analysts sharing their consensus rating for TBK stock in 2021 agree that it is a Hold.