Triumph Financial (NASDAQ:TFIN) Stock Price Down 6.2% After Analyst Downgrade

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s share price fell 6.2% on Monday after DA Davidson lowered their price target on the stock from $68.00 to $56.00. DA Davidson currently has a neutral rating on the stock. Triumph Financial traded as low as $47.60 and last traded at $45.59. 17,024 shares changed hands during trading, a decline of 90% from the average session volume of 162,431 shares. The stock had previously closed at $48.62.

A number of other research firms have also weighed in on TFIN. Keefe, Bruyette & Woods lowered their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Stephens reissued an "equal weight" rating and set a $109.00 target price on shares of Triumph Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.20.

Insider Buying and Selling at Triumph Financial

In other news, Director Debra A. Bradford bought 1,508 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the purchase, the director now directly owns 3,348 shares in the company, valued at approximately $165,357.72. This trade represents a 81.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.58% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 320 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company's stock worth $61,000 after acquiring an additional 204 shares during the last quarter. KBC Group NV raised its holdings in shares of Triumph Financial by 51.9% during the 4th quarter. KBC Group NV now owns 1,212 shares of the company's stock worth $110,000 after acquiring an additional 414 shares during the period. Finally, NBC Securities Inc. boosted its holdings in Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after purchasing an additional 2,647 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Up 1.4 %

The company has a market capitalization of $1.23 billion, a PE ratio of 97.50 and a beta of 1.18. 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 firm has a 50-day moving average of $58.35 and a two-hundred day moving average of $79.24.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same quarter last year, the business posted $0.14 EPS. Equities research analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

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.