Triumph Financial (NYSE:TFIN) Shares Gap Down After Analyst Downgrade

Triumph Financial, Inc. (NYSE:TFIN) shares gapped down prior to trading on Monday after B. Riley downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $69.20, but opened at $67.00. B. Riley now has a $70.00 price target on the stock. Triumph Financial shares last traded at $67.39, with a volume of 14,432 shares trading hands.

Several other research firms have also issued reports on TFIN. Weiss Ratings reiterated a “sell (d)” rating on shares of Triumph Financial in a research report on Monday, December 29th. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $70.00.

Triumph Financial Price Performance

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 130.88 and a beta of 1.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

About Triumph Financial

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.