Triumph Financial, Inc. (NASDAQ:TFIN) Expected to Earn Q2 2024 Earnings of $0.27 Per Share

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Triumph Financial in a research note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.27 for the quarter. DA Davidson currently 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 $1.74 per share.

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

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods raised 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. Stephens cut 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. Finally, Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $64.00 to $67.00 in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Triumph Financial has an average rating of “Hold” and an average price target of $65.40.

Triumph Financial Trading Up 2.2 %

Shares of TFIN opened at $70.88 on Tuesday. The stock’s fifty day simple moving average is $75.74 and its 200 day simple moving average is $72.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. Triumph Financial has a twelve month low of $46.67 and a twelve month high of $82.22. The firm has a market capitalization of $1.65 billion, a P/E ratio of 54.11 and a beta of 1.18.

Insider Activity

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $72.43, for a total transaction of $928,552.60. Following the completion of the sale, the chief operating officer now directly owns 50,939 shares in the company, valued at $3,689,511.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.15% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

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

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.