Triumph Financial (NASDAQ:TFIN) Price Target Lowered to $56.00 at Keefe, Bruyette & Woods

Triumph Financial (NASDAQ:TFIN) had its target price decreased by Keefe, Bruyette & Woods from $68.00 to $56.00 in a report issued on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

TFIN has been the subject of a number of other research reports. DA Davidson reduced their price target on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Stephens reiterated an “equal weight” rating and set a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average price target of $70.20.

Triumph Financial Price Performance

Triumph Financial stock opened at $46.72 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.09 billion, a P/E ratio of 86.52 and a beta of 1.18. The firm has a fifty day moving average of $60.12 and a 200-day moving average of $79.98. Triumph Financial has a 52-week low of $42.90 and a 52-week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, analysts predict that Triumph Financial will post 1.08 EPS for the current year.

Institutional Trading of Triumph Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock worth $184,252,000 after acquiring an additional 24,868 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Triumph Financial by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock worth $106,840,000 after purchasing an additional 19,286 shares during the last quarter. American Century Companies Inc. boosted its position in Triumph Financial by 34.0% during the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock valued at $71,086,000 after purchasing an additional 198,611 shares during the period. Geode Capital Management LLC grew its stake in Triumph Financial by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 518,112 shares of the company’s stock worth $41,218,000 after buying an additional 8,609 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Triumph Financial by 478.3% in the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock worth $31,860,000 after buying an additional 289,955 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

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.