DA Davidson Weighs in on Triumph Financial, Inc.'s FY2024 Earnings (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) - Investment analysts at DA Davidson dropped their FY2024 earnings per share estimates for Triumph Financial in a report released on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $1.55 per share for the year, down from their previous forecast of $2.65. 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 $1.96 per share.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a "market perform" rating in a research report on Thursday, January 25th. Stephens decreased 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 research report on Thursday, January 25th. Finally, Piper Sandler lowered shares of Triumph Financial from a "neutral" rating to an "underweight" rating and lifted their price target for the stock 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 company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.40.

Triumph Financial Price Performance

NASDAQ:TFIN traded up $0.75 during midday trading on Friday, hitting $68.85. 281,635 shares of the stock were exchanged, compared to its average volume of 166,611. Triumph Financial has a one year low of $46.67 and a one year high of $82.22. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 52.56 and a beta of 1.18. The business has a 50-day moving average price of $76.09 and a two-hundred day moving average price of $72.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. The firm had revenue of $106.15 million for the quarter, compared to the consensus estimate of $106.81 million.

Insiders Place Their Bets

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $72.43, for a total transaction of $928,552.60. Following the transaction, the chief operating officer now directly owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.15% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

Several institutional investors and hedge funds have recently modified their holdings of TFIN. Charles Schwab Investment Management Inc. acquired a new position in Triumph Financial during the 2nd quarter worth $10,217,000. Osaic Holdings Inc. acquired a new position in Triumph Financial during the 2nd quarter worth $153,000. Northern Trust Corp acquired a new position in Triumph Financial during the 2nd quarter worth $13,428,000. PNC Financial Services Group Inc. acquired a new position in Triumph Financial during the 2nd quarter worth $326,000. Finally, JPMorgan Chase & Co. acquired a new position in Triumph Financial during the 2nd quarter worth $2,725,000. Institutional investors and hedge funds own 91.11% of the company's stock.

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.