Triumph Financial (NASDAQ:TFIN) Reaches New 52-Week High – What’s Next?

Triumph Financial, Inc. (NASDAQ:TFIN) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $105.08 and last traded at $105.08, with a volume of 25634 shares changing hands. The stock had previously closed at $102.19.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley reiterated a “neutral” rating and issued a $65.00 target price on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s 50-day moving average price is $86.70 and its two-hundred day moving average price is $82.48. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 130.48 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million for the quarter, compared to analysts’ expectations of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same period in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts predict that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors and hedge funds have recently made changes to their positions in TFIN. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock worth $215,052,000 after acquiring an additional 1,896,348 shares during the period. Vanguard Group Inc. raised its stake in shares of Triumph Financial by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock worth $156,624,000 after purchasing an additional 11,722 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Triumph Financial by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company’s stock worth $91,975,000 after acquiring an additional 13,510 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Triumph Financial by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock valued at $85,607,000 after buying an additional 8,541 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Triumph Financial by 1.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company’s stock worth $72,048,000 after purchasing an additional 8,990 shares in the last quarter. Institutional investors and hedge funds 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.