Triumph Financial (NASDAQ:TFIN) Given New $68.00 Price Target at DA Davidson

Triumph Financial (NASDAQ:TFIN) had its price objective decreased by DA Davidson from $73.00 to $68.00 in a research note released on Friday, Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.64 EPS.

Several other equities analysts also recently commented on the company. Piper Sandler downgraded Triumph Financial from a neutral rating to an underweight rating and increased their price target for the company from $64.00 to $67.00 in a report on Monday, February 12th. Keefe, Bruyette & Woods raised their target price on shares of Triumph Financial from $61.00 to $68.00 and gave the company a market perform rating in a research note on Thursday, January 25th. Finally, Stephens cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Triumph Financial has a consensus rating of Hold and an average target price of $65.40.

Triumph Financial Trading Up 0.8 %

Shares of NASDAQ:TFIN opened at $69.37 on Friday. Triumph Financial has a 1 year low of $46.67 and a 1 year high of $82.22. The firm has a fifty day moving average price of $75.86 and a 200 day moving average price of $72.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.62 billion, a PE ratio of 52.95 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. The company had revenue of $106.15 million for the quarter, compared to analyst estimates of $106.81 million. Analysts expect that Triumph Financial will post 1.74 EPS for the current fiscal year.

Insider Transactions at Triumph Financial

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Triumph Financial by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after acquiring an additional 29,858 shares during the period. Dimensional Fund Advisors LP lifted its position in Triumph Financial by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after purchasing an additional 14,714 shares during the period. Ameriprise Financial Inc. boosted its stake in Triumph Financial by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock worth $45,552,000 after buying an additional 14,703 shares in the last quarter. Wellington Management Group LLP increased its holdings in Triumph Financial by 3.2% in the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after buying an additional 17,380 shares during the period. Finally, Ranger Investment Management L.P. raised its stake in shares of Triumph Financial by 1.2% in the 4th quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock valued at $32,113,000 after buying an additional 4,660 shares in the last quarter. Institutional investors and hedge funds own 91.11% 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.