Triumph Financial (NASDAQ:TFIN) Rating Reiterated by B. Riley

B. Riley restated their neutral rating on shares of Triumph Financial (NASDAQ:TFIN) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $65.00 price objective on the stock. B. Riley also issued estimates for Triumph Financial’s Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.60 EPS and FY2025 earnings at $1.85 EPS.

Other research analysts have also issued reports about the stock. DA Davidson boosted their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a neutral rating in a research note on Friday, July 19th. Piper Sandler increased their target price on Triumph Financial from $60.00 to $65.00 and gave the stock an underweight rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods downgraded Triumph Financial from a market perform rating to an underperform rating and decreased their price target for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Finally, Stephens reaffirmed an equal weight rating and set a $74.00 price objective on shares of Triumph Financial in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $69.60.

Triumph Financial Stock Up 1.1 %

TFIN opened at $74.63 on Wednesday. Triumph Financial has a 52 week low of $56.91 and a 52 week high of $95.46. The business has a 50 day moving average price of $81.84 and a two-hundred day moving average price of $78.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.74 billion, a PE ratio of 56.97 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The company had revenue of $124.18 million for the quarter, compared to analyst estimates of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, research analysts anticipate that Triumph Financial will post 0.85 EPS for the current year.

Insiders Place Their Bets

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total transaction of $401,267.46. Following the sale, the executive vice president now owns 32,285 shares in the company, valued at approximately $2,817,511.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the transaction, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.15% of the stock is owned by company insiders.

Institutional Trading of Triumph Financial

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Triumph Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after purchasing an additional 29,858 shares in the last quarter. First Hawaiian Bank purchased a new stake in Triumph Financial in the 2nd quarter valued at about $720,000. Bares Capital Management Inc. grew its holdings in Triumph Financial by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after buying an additional 24,847 shares during the period. Sei Investments Co. lifted its holdings in shares of Triumph Financial by 77.9% during the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after acquiring an additional 20,026 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Triumph Financial in the first quarter worth approximately $988,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.