Triumph Financial (NASDAQ:TFIN) Announces Earnings Results

Triumph Financial (NASDAQ:TFIN) posted its quarterly earnings results on Wednesday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13), Yahoo Finance reports. The business had revenue of $124.18 million for the quarter, compared to the consensus estimate of $103.43 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.59%. During the same period in the prior year, the business earned $0.29 earnings per share.

Triumph Financial Price Performance

Shares of NASDAQ TFIN traded down $1.85 during midday trading on Friday, reaching $80.53. 181,049 shares of the stock traded hands, compared to its average volume of 166,725. The company’s 50 day moving average is $77.92 and its 200 day moving average is $76.05. Triumph Financial has a one year low of $56.91 and a one year high of $95.46. 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 stock has a market capitalization of $1.88 billion, a PE ratio of 60.85 and a beta of 1.22.

Insider Buying and Selling

In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares in the company, valued at $2,817,511.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares in the company, valued at $2,817,511.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carlos M. Sepulveda sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the sale, the director now owns 351,484 shares in the company, valued at $24,997,542.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,452 shares of company stock worth $2,341,337. Insiders own 6.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TFIN. DA Davidson lifted their target price on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday. Stephens reiterated an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research report on Thursday. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $75.00 to $70.00 in a report on Friday. Finally, Piper Sandler raised their target price on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target of $66.40.

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.