Triumph Financial (NASDAQ:TFIN) Sets New 12-Month Low – Here’s Why

Triumph Financial, Inc. (NASDAQ:TFIN) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $51.52 and last traded at $51.86, with a volume of 79453 shares. The stock had previously closed at $58.61.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Stephens reiterated an “equal weight” rating and set a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson reduced their target price on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $80.00 to $74.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Triumph Financial presently has an average rating of “Hold” and an average target price of $79.00.

Triumph Financial Price Performance

The company has a market cap of $1.21 billion, a price-to-earnings ratio of 95.37 and a beta of 1.22. The stock’s 50-day simple moving average is $68.21 and its 200 day simple moving average is $83.03. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds have recently bought and sold shares of TFIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Triumph Financial by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,234 shares of the company’s stock worth $5,201,000 after purchasing an additional 5,782 shares in the last quarter. Sovereign s Capital Management LLC acquired a new stake in Triumph Financial during the 4th quarter worth approximately $637,000. ProShare Advisors LLC lifted its holdings in Triumph Financial by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 6,657 shares of the company’s stock worth $605,000 after buying an additional 2,049 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Triumph Financial by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,574 shares of the company’s stock valued at $1,143,000 after buying an additional 467 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Triumph Financial by 49.2% in the fourth quarter. Deutsche Bank AG now owns 20,633 shares of the company’s stock worth $1,875,000 after acquiring an additional 6,800 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.