Triumph Financial (NASDAQ:TFIN) Announces Quarterly Earnings Results

Triumph Financial (NASDAQ:TFIN - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.09, Briefing.com reports. The firm had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a return on equity of 1.61% and a net margin of 2.44%.

Triumph Financial Price Performance

TFIN stock traded down $3.41 during trading hours on Friday, hitting $58.58. 129,193 shares of the stock traded hands, compared to its average volume of 183,581. The stock has a 50-day simple moving average of $59.64 and a 200 day simple moving average of $64.49. Triumph Financial has a one year low of $42.90 and a one year high of $110.58. The company has a market cap of $1.37 billion, a P/E ratio of 157.97 and a beta of 1.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Insider Activity at Triumph Financial

In related news, Director Debra A. Bradford bought 1,508 shares of Triumph Financial stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $49.39 per share, with a total value of $74,480.12. Following the completion of the acquisition, the director directly owned 3,348 shares in the company, valued at approximately $165,357.72. This trade represents a 81.96% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harrison B. Barnes bought 1,000 shares of Triumph Financial stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the acquisition, the director owned 21,565 shares of the company's stock, valued at $1,156,962.25. The trade was a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 4,008 shares of company stock valued at $208,380 over the last 90 days. 5.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company's stock worth $1,592,000 after acquiring an additional 11,694 shares in the last quarter. AQR Capital Management LLC lifted its stake in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock worth $333,000 after acquiring an additional 1,794 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock worth $759,000 after acquiring an additional 564 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on TFIN shares. DA Davidson upped their price objective on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday. B. Riley restated a "neutral" rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $69.60.

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.