Triumph Financial (NASDAQ:TFIN) Shares Gap Down to $74.13

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $74.13, but opened at $69.79. Triumph Financial shares last traded at $67.84, with a volume of 85,215 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Triumph Financial from $61.00 to $68.00 and gave the stock a "market perform" rating in a report on Thursday, January 25th. Piper Sandler cut 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 report on Monday, February 12th. Finally, Stephens dropped their price target on Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating for the company in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $66.20.

Triumph Financial Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 42.56 and a beta of 1.18. The business has a fifty day moving average price of $76.31 and a 200 day moving average price of $72.18.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Triumph Financial had a return on equity of 5.14% and a net margin of 8.69%. The business had revenue of $106.15 million for the quarter, compared to analyst estimates of $106.81 million. As a group, research analysts anticipate that Triumph Financial, Inc. will post 1.96 earnings per share for the current year.

Insider Transactions at Triumph Financial

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

Institutional Investors Weigh In On Triumph Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in Triumph Financial during the 4th quarter worth $42,000. Quest Partners LLC bought a new stake in Triumph Financial during the 4th quarter worth $75,000. Allspring Global Investments Holdings LLC grew its position in Triumph Financial by 77.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company's stock worth $91,000 after acquiring an additional 610 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Triumph Financial during the 2nd quarter worth $112,000. Finally, Osaic Holdings Inc. bought a new stake in Triumph Financial during the 2nd quarter worth $153,000. Institutional investors own 91.11% of the company's stock.

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.