Triumph Financial (NYSE:TFIN) Issues Quarterly Earnings Results

Triumph Financial (NYSE:TFIN) released its earnings results on Tuesday. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44, FiscalAI reports. The business had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.

Triumph Financial Stock Performance

Shares of NYSE:TFIN traded up $1.24 during midday trading on Tuesday, reaching $79.09. 262,204 shares of the company’s stock traded hands, compared to its average volume of 260,828. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial has a one year low of $46.43 and a one year high of $81.00. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 66.46 and a beta of 1.39. The stock has a 50 day moving average of $72.66 and a 200 day moving average of $66.52.

Insider Activity

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the transaction, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the purchase, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Triumph Financial by 20.3% in the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after purchasing an additional 77,390 shares during the period. Cerity Partners LLC purchased a new stake in Triumph Financial during the 4th quarter valued at $3,644,000. Corient Private Wealth LLC bought a new position in shares of Triumph Financial during the 4th quarter valued at $3,633,000. ArrowMark Colorado Holdings LLC bought a new position in shares of Triumph Financial during the 4th quarter valued at $3,151,000. Finally, Empirical Capital Management LLC purchased a new position in shares of Triumph Financial in the 2nd quarter worth $2,480,000. Institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TFIN. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $64.75.

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.