Triumph Financial (NYSE:TFIN) Releases Quarterly Earnings Results

Key Points

• Quarterly beat: Triumph Financial reported EPS of $0.23 versus the $0.15 consensus while revenue of $105.8M slightly missed estimates of $106.88M, with a net margin of 4.89% and ROE of 3.49%.
• Market and analyst view: Shares trade around $66.94 with a $1.59B market cap and a P/E of 71.98, and Wall Street consensus is a Hold with a $64.75 average target price.
• Heavy institutional ownership: Hedge funds and institutions own about 91.11% of the stock, with recent position increases by Invesco, Voloridge and AQR and new stakes from Corient and Schonfeld.

Triumph Financial (NYSE:TFIN - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08, Zacks reports. The company had revenue of $105.80 million for the quarter, compared to analysts' expectations of $106.88 million. Triumph Financial had a net margin of 4.89% and a return on equity of 3.49%.

Triumph Financial Trading Up 0.2%

TFIN stock opened at $66.94 on Wednesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 71.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50-day moving average price is $60.01. Triumph Financial has a 12-month low of $46.43 and a 12-month high of $77.84.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research downgraded Triumph Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, March 2nd. DA Davidson restated a "neutral" rating and set a $60.00 price objective on shares of Triumph Financial in a report on Thursday, January 29th. Wall Street Zen raised Triumph Financial from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Weiss Ratings upgraded Triumph Financial from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, February 12th. Finally, Keefe, Bruyette & Woods increased their target price on Triumph Financial from $66.00 to $70.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $64.75.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its position in Triumph Financial by 2.4% during the 4th quarter. Invesco Ltd. now owns 67,480 shares of the company's stock worth $4,226,000 after purchasing an additional 1,594 shares during the period. Corient Private Wealth LLC purchased a new position in Triumph Financial in the fourth quarter valued at about $3,633,000. Voloridge Investment Management LLC raised its position in Triumph Financial by 10.4% in the fourth quarter. Voloridge Investment Management LLC now owns 126,746 shares of the company's stock valued at $7,938,000 after purchasing an additional 11,984 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Triumph Financial during the fourth quarter worth about $277,000. Finally, AQR Capital Management LLC lifted its stake in shares of Triumph Financial by 42.0% during the fourth quarter. AQR Capital Management LLC now owns 10,497 shares of the company's stock worth $657,000 after purchasing an additional 3,107 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

About Triumph Financial

Triumph Financial, Inc NYSE: TFIN is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.