Triumph Financial (NASDAQ:TFIN) Rating Increased to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Triumph Financial (NASDAQ:TFIN) from an underperform rating to a market perform rating in a research note published on Thursday morning, MarketBeat.com reports. The brokerage currently has $74.00 price objective on the stock, down from their prior price objective of $80.00.

TFIN has been the topic of a number of other reports. Stephens reissued 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 price objective on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus target price of $79.00.

Triumph Financial Stock Performance

Shares of NASDAQ TFIN opened at $68.31 on Thursday. The company’s fifty day moving average price is $81.75 and its 200 day moving average price is $86.45. Triumph Financial has a 1 year low of $66.85 and a 1 year high of $110.58. The company has a market capitalization of $1.60 billion, a PE ratio of 126.50 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

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

Hedge Funds Weigh In On Triumph Financial

A number of large investors have recently added to or reduced their stakes in TFIN. Blue Trust Inc. raised its position in shares of Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after buying an additional 259 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Triumph Financial during the third quarter worth about $49,000. Smartleaf Asset Management LLC increased its position in Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after purchasing an additional 426 shares during the last quarter. KBC Group NV increased its position in Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares during the last quarter. Finally, Mechanics Bank Trust Department acquired a new stake in Triumph Financial during the fourth quarter worth about $202,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Financial

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.