Triumph Financial (NYSE:TFIN) Stock Price Down 12% – What’s Next?

Triumph Financial, Inc. (NYSE:TFIN) shares dropped 12% during trading on Thursday . The stock traded as low as $59.45 and last traded at $60.91. Approximately 168,715 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 229,033 shares. The stock had previously closed at $69.18.

Wall Street Analyst Weigh In

TFIN has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Triumph Financial in a research note on Monday, December 29th. B. Riley Financial cut shares of Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Monday, January 12th. Wall Street Zen downgraded shares of Triumph Financial from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Finally, Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.00.

Triumph Financial Price Performance

The company has a market cap of $1.50 billion, a PE ratio of 68.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day moving average price is $65.42.

Triumph Financial (NYSE:TFIN) last released its earnings results on Monday, January 26th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.48. Triumph Financial had a net margin of 4.89% and a return on equity of 3.53%. The company had revenue of $120.08 million for the quarter, compared to the consensus estimate of $111.21 million.

Triumph Financial Company Profile

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.