Triumph Financial (NASDAQ:TFIN) Shares Gap Down to $74.13

Triumph Financial, Inc. (NASDAQ:TFIN) shares gapped down prior to trading on Thursday . The stock had previously closed at $74.13, but opened at $69.79. Triumph Financial shares last traded at $67.84, with a volume of 85,215 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TFIN shares. Keefe, Bruyette & Woods boosted their price target on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Stephens reduced their target price on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 25th. Finally, Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and upped their target price for the company from $64.00 to $67.00 in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Triumph Financial has an average rating of “Hold” and an average target price of $66.20.

Triumph Financial Trading Down 8.2 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day simple moving average of $76.49 and a two-hundred day simple moving average of $72.21. The firm has a market cap of $1.59 billion, a PE ratio of 42.49 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $106.15 million for the quarter, compared to analysts’ expectations of $106.81 million. Triumph Financial had a net margin of 8.69% and a return on equity of 5.14%. Analysts expect that Triumph Financial, Inc. will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $72.43, for a total transaction of $928,552.60. Following the sale, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.15% of the company’s stock.

Institutional Trading of Triumph Financial

Hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund purchased a new stake in shares of Triumph Financial in the third quarter worth about $825,000. New York State Common Retirement Fund boosted its stake in shares of Triumph Financial by 374.2% in the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock worth $2,893,000 after buying an additional 35,232 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of Triumph Financial by 60.2% in the fourth quarter. Legato Capital Management LLC now owns 61,944 shares of the company’s stock worth $4,967,000 after buying an additional 23,270 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Triumph Financial by 10.0% in the third quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company’s stock worth $11,966,000 after buying an additional 16,753 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Triumph Financial by 1.0% in the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock worth $3,162,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors 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.