Triumph Financial (NASDAQ:TFIN) Stock Price Down 3.3% - What's Next?

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) traded down 3.3% on Friday . The stock traded as low as $61.14 and last traded at $59.93. 17,823 shares changed hands during trading, a decline of 92% from the average session volume of 221,786 shares. The stock had previously closed at $61.99.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TFIN shares. B. Riley reissued a "neutral" rating and issued a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. DA Davidson raised their price target on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods decreased their price target on 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 equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $69.60.

Triumph Financial Trading Down 5.8%

The business has a fifty day moving average price of $59.64 and a 200 day moving average price of $64.49. The company has a market capitalization of $1.37 billion, a PE ratio of 158.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

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

Insider Transactions at Triumph Financial

In related news, Director Harrison B. Barnes bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the acquisition, the director owned 21,565 shares in the company, valued at $1,156,962.25. This represents a 4.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Davis R. Deadman bought 1,500 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director owned 10,220 shares in the company, valued at approximately $546,770. This trade represents a 17.20% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 4,008 shares of company stock worth $208,380 in the last three months. 5.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. raised its holdings in shares of Triumph Financial by 4.3% during the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock valued at $325,000 after buying an additional 147 shares during the period. CWM LLC raised its holdings in shares of Triumph Financial by 48.0% during the 1st quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Triumph Financial by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock valued at $570,000 after buying an additional 205 shares during the period. Comerica Bank grew its stake in Triumph Financial by 3.5% during the 1st quarter. Comerica Bank now owns 7,903 shares of the company's stock valued at $457,000 after purchasing an additional 269 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Triumph Financial by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock valued at $273,000 after purchasing an additional 270 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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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