Triumph Financial (NYSE:TFIN) Shares Gap Up on Better-Than-Expected Earnings

Triumph Financial, Inc. (NYSE:TFIN) gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $70.56, but opened at $75.05. Triumph Financial shares last traded at $69.05, with a volume of 33,592 shares traded.

The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.29 by $0.48. Triumph Financial had a return on equity of 3.53% and a net margin of 4.89%.The business had revenue of $120.08 million for the quarter, compared to analysts’ expectations of $111.21 million.

Analysts Set New Price Targets

TFIN has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Triumph Financial from a “hold” rating to a “sell” rating in a research note on Sunday, January 18th. B. Riley cut shares of Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Triumph Financial in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Reduce” and a consensus price target of $70.00.

Triumph Financial Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $1.56 billion, a PE ratio of 70.70 and a beta of 1.48. The business has a 50-day simple moving average of $63.35.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.