FY2024 EPS Estimates for Triumph Financial, Inc. (NASDAQ:TFIN) Lowered by DA Davidson

Triumph Financial, Inc. (NASDAQ:TFIN) – Stock analysts at DA Davidson dropped their FY2024 earnings per share estimates for shares of Triumph Financial in a research report issued to clients and investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the company will earn $1.55 per share for the year, down from their prior estimate of $2.65. The consensus estimate for Triumph Financial’s current full-year earnings is $1.96 per share.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $106.15 million during the quarter, compared to the consensus estimate of $106.81 million. Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%.

A number of other brokerages also recently issued reports on TFIN. Piper Sandler downgraded Triumph Financial from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $64.00 to $67.00 in a research report on Monday, February 12th. Stephens decreased their target price on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods lifted their target price on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.20.

Triumph Financial Stock Down 8.1 %

Shares of TFIN opened at $68.10 on Friday. The company has a market cap of $1.59 billion, a PE ratio of 51.99 and a beta of 1.18. The business has a fifty day moving average of $76.31 and a 200 day moving average of $72.18. Triumph Financial has a 52-week low of $46.67 and a 52-week high of $82.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Triumph Financial by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 53,424 shares of the company’s stock valued at $4,284,000 after buying an additional 218 shares during the period. Rhumbline Advisers increased its stake in shares of Triumph Financial by 0.4% during the third quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock valued at $4,442,000 after buying an additional 266 shares during the period. Stifel Financial Corp grew its stake in Triumph Financial by 4.0% in the third quarter. Stifel Financial Corp now owns 9,780 shares of the company’s stock valued at $634,000 after purchasing an additional 380 shares during the last quarter. Swiss National Bank grew its stake in Triumph Financial by 1.0% in the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after purchasing an additional 500 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in Triumph Financial in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 12,820 shares of Triumph Financial stock in a transaction on Monday, January 29th. The stock was sold at an average price of $72.43, for a total transaction of $928,552.60. Following the completion of the sale, the chief operating officer now directly owns 50,939 shares in the company, valued at $3,689,511.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.15% 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.