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

Triumph Financial (NASDAQ:TFIN) had its price target decreased by research analysts at DA Davidson from $73.00 to $68.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target suggests a potential downside of 1.71% from the company’s previous close. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.64 EPS.

A number of other analysts have also weighed in on TFIN. Stephens lowered their price objective on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods upped their price objective on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, Piper Sandler lowered shares of Triumph Financial from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.40.

Triumph Financial Trading Up 1.6 %

Shares of NASDAQ TFIN traded up $1.08 during mid-day trading on Friday, reaching $69.18. The company had a trading volume of 82,489 shares, compared to its average volume of 163,925. The business’s 50-day moving average is $76.31 and its 200-day moving average is $72.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 53.02 and a beta of 1.18. Triumph Financial has a 52 week low of $46.67 and a 52 week high of $82.22.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. The business had revenue of $106.15 million during the quarter, compared to analysts’ expectations of $106.81 million. Equities analysts expect that Triumph Financial will post 1.96 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Triumph Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new position in Triumph Financial in the 4th quarter worth approximately $42,000. Quest Partners LLC acquired a new position in Triumph Financial in the 4th quarter worth approximately $75,000. Allspring Global Investments Holdings LLC increased its holdings in Triumph Financial by 77.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock worth $91,000 after buying an additional 610 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Triumph Financial in the 2nd quarter worth approximately $112,000. Finally, Osaic Holdings Inc. acquired a new position in Triumph Financial in the 2nd quarter worth approximately $153,000. 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.