DA Davidson Lowers Triumph Financial (NASDAQ:TFIN) Price Target to $68.00

Triumph Financial (NASDAQ:TFIN - Get Free Report) had its price target dropped by equities research analysts at DA Davidson from $73.00 to $68.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. DA Davidson's target price would indicate a potential downside of 1.23% from the company's previous close. DA Davidson also issued estimates for Triumph Financial's FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.64 EPS.

TFIN has been the subject of a number of other reports. Keefe, Bruyette & Woods boosted 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. Piper Sandler lowered Triumph Financial from a "neutral" rating to an "underweight" rating and boosted their price objective for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. Finally, Stephens decreased their price target on Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Triumph Financial has a consensus rating of "Hold" and an average target price of $65.40.

Triumph Financial Stock Performance

TFIN stock traded up $0.75 during trading on Friday, hitting $68.85. 281,635 shares of the company traded hands, compared to its average volume of 166,611. The stock's 50-day simple moving average is $76.31 and its 200 day simple moving average is $72.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $1.61 billion, a PE ratio of 53.02 and a beta of 1.18. Triumph Financial has a 1 year low of $46.67 and a 1 year high of $82.22.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $106.15 million for the quarter, compared to analysts' expectations of $106.81 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.26%. On average, equities analysts expect that Triumph Financial will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the 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 transaction, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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. Wellington Management Group LLP boosted its stake in shares of Triumph Financial by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 568,882 shares of the company's stock valued at $45,613,000 after buying an additional 17,380 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Triumph Financial by 1.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 124,686 shares of the company's stock valued at $9,997,000 after buying an additional 2,223 shares in the last quarter. Mendon Capital Advisors Corp purchased a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $2,004,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Triumph Financial by 124.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,168 shares of the company's stock worth $896,000 after purchasing an additional 6,192 shares in the last quarter. Hedge funds and other 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.