I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Whoppix specializing in quicker moving active shares with a short term view on investment opportunities and trends.
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Email: Jamiewelch@whoppix.net
- Stock to Track: ServisFirst Bancshares Inc. (NASDAQ: SFBS) - April 7, 2020
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- Stock Buzz: Triumph Bancorp Inc. (NASDAQ: TBK) - March 9, 2020
DALLAS, March 9, 2020 – Shares of Triumph Bancorp Inc. (NASDAQ: TBK) declined -7.29% to $30.41. The stock grabbed the investor’s attention and traded 158.312K shares as compared to its average daily volume of 178.16K shares. The stock’s institutional ownership stands at 80.30%.
For the quarter ended September 30, 2019, Triumph Bancorp Inc. (NASDAQ: TBK) reported net interest income of $64.80M contrast to $63.40M for the quarter ended June 30, 2019.
Total loans held for investment increased $373.50M, or 9.7%, during the third quarter to $4.209B at September 30, 2019. The commercial finance portfolio increased $89.00M, or 7.5%, to $1.276B, the national lending portfolio increased $249.40M, or 52.3%, to $726.60M, and the community banking portfolio increased $35.10M, or 1.6%, to $2.207B during the quarter.
Total deposits were $3.698B at September 30, 2019, a boost of $38.90M, or 1.1%, in the third quarter of 2019. Non-interest-bearing deposits accounted for 20% of total deposits and non-time deposits accounted for 57% of total deposits at September 30, 2019.
Net Interest Income:
We earned net interest income for the quarter ended September 30, 2019 of $64.80M contrast to $63.40M for the quarter ended June 30, 2019.
Non-Interest Income and Expense:
We earned non-interest income for the quarter ended September 30, 2019 of $7.70M contrast to $7.60M for the quarter ended June 30, 2019.
For the quarter ended September 30, 2019, non-interest expense totaled $52.20M, contrast to $50.70M for the quarter ended June 30, 2019.
TBK has a market value of $807.08M while its EPS was booked as $2.25 in the last 12 months. The stock has 24.75M shares outstanding. In the profitability analysis, the company has net profit margin of 18.80%. Beta value of the company was 1.19; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.50.
