Triumph Financial (NASDAQ:TFIN) Issues Earnings Results, Misses Estimates By $0.09 EPS

Key Points

• Triumph Financial reported a quarterly earnings per share (EPS) of $0.04, falling short of the expected $0.13 by $0.09.
• Company shares experienced a 1.2% decline in trading, with shares priced at $47.76 at midday.
• Four analysts rated Triumph Financial stock as a Hold, with a consensus target price of approximately $70.75.

Triumph Financial (NASDAQ:TFIN - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09), Briefing.com reports. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. During the same quarter in the previous year, the company posted $0.08 earnings per share.

Triumph Financial Trading Down 1.2%

Shares of TFIN stock traded down $0.59 during mid-day trading on Wednesday, reaching $47.76. The company's stock had a trading volume of 282,821 shares, compared to its average volume of 222,098. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.13 billion, a PE ratio of 108.54 and a beta of 1.31. The company's 50 day simple moving average is $55.41 and its 200-day simple moving average is $56.60. Triumph Financial has a 12-month low of $42.90 and a 12-month high of $110.58.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer directly owned 144,558 shares of the company's stock, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company's stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Triumph Financial

A number of institutional investors have recently made changes to their positions in TFIN. Tower Research Capital LLC TRC lifted its holdings in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock worth $126,000 after acquiring an additional 195 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Triumph Financial during the 2nd quarter worth approximately $206,000. Raymond James Financial Inc. bought a new stake in shares of Triumph Financial in the 2nd quarter worth approximately $230,000. Norges Bank acquired a new position in Triumph Financial during the 2nd quarter valued at approximately $304,000. Finally, AQR Capital Management LLC boosted its position in Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock valued at $333,000 after purchasing an additional 1,794 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson boosted their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $70.75.

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.

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