Triumph Financial, Inc. (NASDAQ:TFIN) to Post FY2024 Earnings of $1.16 Per Share, DA Davidson Forecasts

Triumph Financial, Inc. (NASDAQ:TFIN) – Analysts at DA Davidson reduced their FY2024 earnings per share (EPS) estimates for shares of Triumph Financial in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $1.16 for the year, down from their previous forecast of $1.55. DA Davidson currently has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.47 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

Several other equities analysts have also commented on the company. Stephens reduced their price objective on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 25th. Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $61.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $64.00 to $67.00 in a research report on Monday, February 12th. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.40.

Triumph Financial Stock Performance

NASDAQ:TFIN opened at $70.58 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.65 billion, a P/E ratio of 53.88 and a beta of 1.18. The business’s 50-day moving average price is $75.42 and its two-hundred day moving average price is $72.49. Triumph Financial has a twelve month low of $46.67 and a twelve month high of $82.22.

Triumph Financial (NASDAQ:TFIN) last released 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 7.16% and a return on equity of 4.22%. The business had revenue of $106.15 million during the quarter, compared to analysts’ expectations of $106.81 million.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after acquiring an additional 29,858 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Triumph Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after acquiring an additional 14,714 shares during the last quarter. Ameriprise Financial Inc. grew its position in Triumph Financial by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock worth $45,552,000 after acquiring an additional 14,703 shares during the last quarter. Wellington Management Group LLP grew its position in Triumph Financial by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock worth $45,613,000 after acquiring an additional 17,380 shares during the last quarter. Finally, Ranger Investment Management L.P. grew its position in Triumph Financial by 1.2% during the 4th quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock worth $32,113,000 after acquiring an additional 4,660 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.15% of the stock is owned by corporate insiders.

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.