Triumph Financial (NASDAQ:TFIN) Shares Gap Down to $74.13

Triumph Financial, Inc. (NASDAQ:TFIN) gapped down prior to trading on Thursday . The stock had previously closed at $74.13, but opened at $69.79. Triumph Financial shares last traded at $67.84, with a volume of 85,215 shares.

Wall Street Analysts Forecast Growth

TFIN has been the topic of a number of recent research reports. Stephens cut their target price on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Piper Sandler cut Triumph Financial from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods increased their target price on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $66.20.

Triumph Financial Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $1.59 billion, a PE ratio of 42.49 and a beta of 1.18. The firm has a 50-day moving average of $76.49 and a 200 day moving average of $72.21.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 EPS 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 business had revenue of $106.15 million for the quarter, compared to analysts’ expectations of $106.81 million. As a group, research analysts anticipate that Triumph Financial, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the 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 sale, the chief operating officer now directly 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 Securities & Exchange Commission, which is available at this link. 6.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TFIN. Larson Financial Group LLC purchased a new position in Triumph Financial in the fourth quarter worth about $42,000. Quest Partners LLC purchased a new position in Triumph Financial in the fourth quarter worth about $75,000. Allspring Global Investments Holdings LLC boosted its position in Triumph Financial by 77.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock worth $91,000 after purchasing an additional 610 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Triumph Financial in the second quarter worth about $112,000. Finally, Osaic Holdings Inc. bought a new position in shares of Triumph Financial in the second quarter worth about $153,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.