Triumph Financial (NASDAQ:TFIN) Shares Gap Down - Should You Sell?

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $63.58, but opened at $61.74. Triumph Financial shares last traded at $61.40, with a volume of 66,374 shares changing hands.

Analysts Set New Price Targets

TFIN has been the subject of several analyst reports. DA Davidson cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, April 21st. B. Riley reissued a "neutral" rating and issued a $55.00 price target (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. 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 for the company in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Triumph Financial presently has an average rating of "Hold" and an average price target of $68.20.

Triumph Financial Price Performance

The business's 50-day simple moving average is $59.54 and its 200-day simple moving average is $64.69. The stock has a market cap of $1.45 billion, a PE ratio of 167.54 and a beta of 1.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a net margin of 2.44% and a return on equity of 1.61%. The firm had revenue of $101.57 million during the quarter, compared to analysts' expectations of $104.49 million. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Davis R. Deadman bought 1,500 shares of the company's stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the purchase, the director owned 10,220 shares in the company, valued at approximately $546,770. This represents a 17.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Debra A. Bradford bought 1,508 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average price of $49.39 per share, for a total transaction of $74,480.12. Following the purchase, the director owned 3,348 shares of the company's stock, valued at approximately $165,357.72. This represents a 81.96% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,008 shares of company stock valued at $208,380. Corporate insiders own 5.58% of the company's stock.

Institutional Trading of Triumph Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its stake in shares of Triumph Financial by 4.3% in the fourth quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock worth $325,000 after purchasing an additional 147 shares in the last quarter. CWM LLC boosted its position in shares of Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Triumph Financial by 2.1% during the first quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock worth $570,000 after acquiring an additional 205 shares during the last quarter. Comerica Bank boosted its position in shares of Triumph Financial by 3.5% during the first quarter. Comerica Bank now owns 7,903 shares of the company's stock worth $457,000 after acquiring an additional 269 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Triumph Financial by 9.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock worth $273,000 after acquiring an additional 270 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.

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