Revenue Update on Triumph Bancorp Inc(NASDAQ:TBK)

Triumph Bancorp Inc(NASDAQ:TBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $29.57M. Analysts estimated a revenue of $29.02M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.25.

Triumph Bancorp Inc (TBK) shares turned negative on Fridays trading session with the shares closing down -0.36 points or -2.02% at a volume of 37,162. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.81. The peak price level was also seen at $17.81 while the days lowest was $17.39. Finally the shares closed at $17.47. The 52-week high of the shares is $18.518 while the 52-week low is $12.63. According to the latest information available, the market cap of the company is $316 M.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Charles A Anderson (director) purchased 2,000 shares at $15.22 per share price.Also, On May 5, 2016, Michael P Rafferty (director) purchased 2,500 shares at $15.35 per share price.On Nov 23, 2015, Justin N Trail (director) purchased 350 shares at $17.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Triumph Bancorp Inc. is a financial holding company. Through its two wholly owned bank subsidiaries Triumph Savings Bank SSB and Triumph Community Bank N.A. the Company offers traditional banking services as well as commercial finance products to businesses that require financial solutions. The Company operates in three business segments: Factoring Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services. The Banking segment includes the operations of Triumph Savings Bank and Triumph Community Bank. The Banking segment also includes certain factored receivables which are purchased by Triumph Savings Bank under its Triumph Commercial Finance brand. Corporate includes holding company financing and investment activities management and administrative expenses to support the overall operations of the Company and the asset management operations of Triumph Capital Advisors.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *