Triumph Financial (NASDAQ:TFIN) Shares Gap Down Following Weak Earnings

Shares of Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $49.95, but opened at $48.16. Triumph Financial shares last traded at $45.07, with a volume of 47,408 shares changing hands.

The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The business had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. During the same quarter last year, the firm posted $0.14 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TFIN. Stephens restated an "equal weight" rating and issued a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson lowered their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods cut their price target 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $70.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TFIN. Smartleaf Asset Management LLC grew its stake in Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock worth $51,000 after buying an additional 426 shares during the period. Blue Trust Inc. boosted its position in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company's stock worth $61,000 after purchasing an additional 204 shares during the period. GAMMA Investing LLC boosted its position in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after purchasing an additional 320 shares during the period. KBC Group NV increased its holdings in Triumph Financial by 51.9% in the 4th quarter. KBC Group NV now owns 1,212 shares of the company's stock valued at $110,000 after purchasing an additional 414 shares in the last quarter. Finally, Mechanics Bank Trust Department purchased a new position in Triumph Financial in the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Performance

The stock has a 50 day simple moving average of $60.12 and a 200 day simple moving average of $79.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 89.71 and a beta of 1.18.

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.