Triumph Financial, Inc. (NASDAQ:TFIN) to Post Q2 2024 Earnings of $0.27 Per Share, DA Davidson Forecasts

Triumph Financial, Inc. (NASDAQ:TFIN) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for Triumph Financial in a research note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner expects that the company will post earnings of $0.27 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $68.00 target price on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.65 per share.

Several other equities research analysts also recently commented on the stock. Piper Sandler downgraded shares of Triumph Financial from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $64.00 to $67.00 in a research note on Monday, February 12th. Stephens lowered their price target on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their target price on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.40.

Triumph Financial Trading Down 0.2 %

Shares of Triumph Financial stock opened at $70.73 on Tuesday. The firm has a market capitalization of $1.65 billion, a PE ratio of 53.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $75.60 and its two-hundred day moving average price is $72.50. Triumph Financial has a 52-week low of $46.67 and a 52-week high of $82.22.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $106.15 million during the quarter, compared to the consensus estimate of $106.81 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the completion of the sale, the chief operating officer now owns 50,939 shares of the company’s stock, valued at approximately $3,689,511.77. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Hedge funds have recently added to or reduced their stakes in the business. Bares Capital Management Inc. increased its position in Triumph Financial by 192.3% during the 3rd quarter. Bares Capital Management Inc. now owns 231,388 shares of the company’s stock worth $14,992,000 after buying an additional 152,222 shares during the period. NFC Investments LLC acquired a new stake in shares of Triumph Financial during the fourth quarter valued at about $11,091,000. New York State Common Retirement Fund boosted its stake in shares of Triumph Financial by 374.2% during the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock valued at $2,893,000 after purchasing an additional 35,232 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Triumph Financial by 83.6% during the third quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company’s stock valued at $4,714,000 after purchasing an additional 33,135 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Triumph Financial by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after acquiring an additional 29,858 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

About Triumph Financial

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.