Triumph Financial (TFIN) Set to Announce Earnings on Wednesday

Triumph Financial (NASDAQ:TFIN) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Triumph Financial had a net margin of 8.69% and a return on equity of 5.14%. The firm had revenue of $106.15 million for the quarter, compared to analysts’ expectations of $106.81 million. On average, analysts expect Triumph Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $75.58 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. Triumph Financial has a 1-year low of $46.67 and a 1-year high of $82.22. The company has a market capitalization of $1.76 billion, a P/E ratio of 47.24 and a beta of 1.18. The firm’s 50 day simple moving average is $76.44 and its two-hundred day simple moving average is $72.13.

Insider Transactions at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $72.43, for a total transaction of $928,552.60. Following the sale, the chief operating officer now owns 50,939 shares of the company’s stock, valued at $3,689,511.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds have recently bought and sold shares of TFIN. Ameritas Investment Partners Inc. bought a new position in Triumph Financial during the second quarter valued at $112,000. Osaic Holdings Inc. bought a new position in Triumph Financial during the second quarter valued at $153,000. AQR Capital Management LLC bought a new position in Triumph Financial during the third quarter valued at $207,000. MML Investors Services LLC bought a new position in Triumph Financial during the second quarter valued at $214,000. Finally, PNC Financial Services Group Inc. bought a new position in Triumph Financial during the second quarter valued at $326,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TFIN shares. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Piper Sandler downgraded shares of Triumph Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $64.00 to $67.00 in a report on Monday, February 12th. Finally, Stephens lowered their target price on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. One 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, the company presently has an average rating of “Hold” and a consensus target price of $66.20.

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.