Triumph Financial (NASDAQ:TFIN - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $68.00 to $56.00 in a research note released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.
TFIN has been the topic of a number of other reports. Stephens restated an "equal weight" rating and set a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. DA Davidson dropped their target price on Triumph Financial from $100.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $68.20.
Read Our Latest Report on Triumph Financial
Triumph Financial Stock Performance
Triumph Financial stock traded up $0.71 during trading on Monday, hitting $52.65. The stock had a trading volume of 275,028 shares, compared to its average volume of 167,552. The stock's 50 day moving average is $58.35 and its two-hundred day moving average is $79.24. Triumph Financial has a 1 year low of $42.90 and a 1 year high of $110.58. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 97.50 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm 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 period last year, the business posted $0.14 EPS. As a group, analysts predict that Triumph Financial will post 1.08 EPS for the current year.
Insider Activity
In other Triumph Financial news, Director Debra A. Bradford acquired 1,508 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, with a total value of $74,480.12. Following the completion of the purchase, the director now owns 3,348 shares of the company's stock, valued at approximately $165,357.72. This represents a 81.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.58% of the company's stock.
Institutional Trading of Triumph Financial
Institutional investors and hedge funds have recently modified their holdings of the business. Peregrine Capital Management LLC increased its position in shares of Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock worth $10,480,000 after purchasing an additional 35,990 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Triumph Financial by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,809 shares of the company's stock worth $740,000 after buying an additional 483 shares during the last quarter. Precision Wealth Strategies LLC raised its position in shares of Triumph Financial by 9.7% during the 1st quarter. Precision Wealth Strategies LLC now owns 5,871 shares of the company's stock valued at $339,000 after buying an additional 517 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares during the last quarter. Finally, NBC Securities Inc. grew its position in Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after acquiring an additional 2,647 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.
Triumph Financial Company Profile
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Get Free Report)
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.
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