FY2024 Earnings Estimate for Triumph Financial, Inc. Issued By DA Davidson (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities researchers at DA Davidson reduced their FY2024 earnings per share estimates for shares of Triumph Financial in a note issued to investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $1.55 for the year, down from their previous forecast of $2.65. DA Davidson has a “Neutral” rating and a $68.00 price target on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.96 per share.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. The company had revenue of $106.15 million for the quarter, compared to the consensus estimate of $106.81 million.

TFIN has been the topic of several other reports. Stephens reduced their price target 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 lifted their price objective on Triumph Financial from $61.00 to $68.00 and gave the stock 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 lifted their price objective for the stock from $64.00 to $67.00 in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.40.

Triumph Financial Price Performance

TFIN opened at $68.85 on Friday. The stock’s 50 day simple moving average is $76.09 and its 200 day simple moving average is $72.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. Triumph Financial has a 1 year low of $46.67 and a 1 year high of $82.22. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 52.56 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in Triumph Financial during the fourth quarter valued at $42,000. Quest Partners LLC purchased a new position in Triumph Financial during the fourth quarter valued at $75,000. Allspring Global Investments Holdings LLC raised its stake in Triumph Financial by 77.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock valued at $91,000 after buying an additional 610 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Triumph Financial during the second quarter valued at $112,000. Finally, Osaic Holdings Inc. purchased a new position in Triumph Financial during the second quarter valued at $153,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Activity

In other 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 value of $928,552.60. Following the completion of the transaction, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.15% of the stock is currently owned by company insiders.

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.