Equities Analysts Issue Forecasts for Triumph Financial, Inc.'s FY2024 Earnings (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) - Investment analysts at DA Davidson lowered their FY2024 earnings per share estimates for shares of Triumph Financial in a research report issued to clients and investors on Monday, April 22nd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $1.16 per share for the year, down from their prior forecast of $1.55. DA Davidson currently 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.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued 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). The business had revenue of $106.15 million during the quarter, compared to analyst estimates of $106.81 million. Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their price objective on Triumph Financial from $61.00 to $68.00 and gave the company a "market perform" rating in a research report on Thursday, January 25th. Stephens reduced their price objective on Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating for the company in a research report on Thursday, January 25th. Finally, Piper Sandler cut Triumph Financial from a "neutral" rating to an "underweight" rating and lifted their price objective for the company from $64.00 to $67.00 in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, Triumph Financial has an average rating of "Hold" and an average target price of $65.40.

Triumph Financial Stock Down 0.2 %

Shares of Triumph Financial stock traded down $0.15 during midday trading on Wednesday, hitting $70.73. The company's stock had a trading volume of 122,931 shares, compared to its average volume of 165,498. The firm has a market capitalization of $1.65 billion, a P/E 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 company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $75.60 and a 200-day simple moving average of $72.50.

Insiders Place Their Bets

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the business's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the completion of the sale, the chief operating officer now owns 50,939 shares of the company's stock, valued at $3,689,511.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.15% of the company's stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors have recently made changes to their positions in the business. Bares Capital Management Inc. increased its stake in Triumph Financial by 192.3% during the third quarter. Bares Capital Management Inc. now owns 231,388 shares of the company's stock valued at $14,992,000 after acquiring an additional 152,222 shares during the period. NFC Investments LLC bought a new stake in shares of Triumph Financial in the 4th quarter valued at approximately $11,091,000. New York State Common Retirement Fund grew its stake in shares of Triumph Financial by 374.2% in the 3rd quarter. New York State Common Retirement Fund now owns 44,648 shares of the company's stock valued at $2,893,000 after purchasing an additional 35,232 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Triumph Financial by 83.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company's stock valued at $4,714,000 after purchasing an additional 33,135 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Triumph Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company's stock valued at $157,382,000 after purchasing an additional 29,858 shares during the period. 91.11% of the stock is currently owned by 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.