DA Davidson Comments on Triumph Financial, Inc.’s FY2024 Earnings (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities research analysts at DA Davidson reduced their FY2024 EPS estimates for Triumph Financial in a research note issued to investors 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 estimate of $1.55. 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 $1.65 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

TFIN has been the topic of several other reports. Piper Sandler downgraded shares of 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. Keefe, Bruyette & Woods raised their price objective on shares of 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, Stephens reduced their price target on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Stock Down 0.2 %

TFIN opened at $70.73 on Wednesday. The company has a market capitalization of $1.65 billion, a PE ratio of 53.99 and a beta of 1.18. Triumph Financial has a 1-year low of $46.67 and a 1-year high of $82.22. The firm’s 50 day simple moving average is $75.60 and its two-hundred day simple moving average is $72.50. 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 (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 return on equity of 4.22% and a net margin of 7.16%. The business had revenue of $106.15 million during the quarter, compared to the consensus estimate of $106.81 million.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of Triumph Financial stock in a transaction on Monday, January 29th. The shares were sold at an average price of $72.43, for a total value of $928,552.60. Following the sale, the chief operating officer now directly owns 50,939 shares in the company, valued at approximately $3,689,511.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Financial

A number of institutional investors and hedge funds have recently made changes to their positions in TFIN. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 29,858 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 14,714 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 14,703 shares during the period. Wellington Management Group LLP boosted its position in Triumph Financial by 3.2% in the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after buying an additional 17,380 shares during the period. Finally, Ranger Investment Management L.P. boosted its position in Triumph Financial by 1.2% in the 4th quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock valued at $32,113,000 after buying an additional 4,660 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.