Triumph Financial (NASDAQ:TFIN) Hits New 12-Month Low – Time to Sell?

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $58.11 and last traded at $58.32, with a volume of 53944 shares trading hands. The stock had previously closed at $61.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TFIN shares. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $80.00 to $74.00 in a research report on Thursday, February 27th. DA Davidson reduced their price target on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stephens reiterated an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.00.

Triumph Financial Stock Performance

The company has a market cap of $1.37 billion, a PE ratio of 108.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average is $70.85 and its 200-day moving average is $83.60.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Triumph Financial

Several institutional investors have recently made changes to their positions in TFIN. Quantbot Technologies LP acquired a new stake in Triumph Financial during the third quarter worth $49,000. Smartleaf Asset Management LLC lifted its position in Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after buying an additional 426 shares during the last quarter. Blue Trust Inc. boosted its stake in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after buying an additional 204 shares during the period. KBC Group NV increased its position in shares of Triumph Financial by 51.9% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after acquiring an additional 414 shares during the last quarter. Finally, Mechanics Bank Trust Department purchased a new stake in shares of Triumph Financial in the 4th quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

About Triumph Financial

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.