Stock Buzz: Triumph Bancorp Inc. (NASDAQ: TBK)

Financial
Jamie Welch

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.

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