Triumph Financial (NYSE:TFIN) Lowered to Hold Rating by Zacks Research

Triumph Financial (NYSE:TFIN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on TFIN. B. Riley Financial cut Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Monday, January 12th. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $70.00.

Triumph Financial Trading Up 7.2%

NYSE:TFIN opened at $61.49 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.46 billion, a P/E ratio of 66.12 and a beta of 1.50. The company’s 50-day simple moving average is $64.80. Triumph Financial has a twelve month low of $42.90 and a twelve month high of $77.84.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.29 by $0.48. Triumph Financial had a net margin of 4.89% and a return on equity of 3.49%. The business had revenue of $105.19 million for the quarter, compared to analyst estimates of $111.21 million.

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.