Triumph Financial (NASDAQ:TFIN) Given New $68.00 Price Target at DA Davidson

Triumph Financial (NASDAQ:TFIN) had its price objective dropped by investment analysts at DA Davidson from $73.00 to $68.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price indicates a potential downside of 1.71% from the stock’s previous close. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $1.55 EPS and FY2025 earnings at $2.64 EPS.

Several other equities analysts have also issued reports on TFIN. Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $61.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. Piper Sandler downgraded shares of Triumph Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $64.00 to $67.00 in a research note on Monday, February 12th. Finally, Stephens decreased their price target on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.40.

Triumph Financial Price Performance

Triumph Financial stock traded up $1.08 during mid-day trading on Friday, reaching $69.18. The company had a trading volume of 82,489 shares, compared to its average volume of 163,925. Triumph Financial has a fifty-two week low of $46.67 and a fifty-two week high of $82.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.61 billion, a P/E ratio of 53.02 and a beta of 1.18. The business has a fifty day simple moving average of $76.31 and a 200 day simple moving average of $72.18.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The business had revenue of $106.15 million for the quarter, compared to analyst estimates of $106.81 million. Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. On average, equities research analysts predict that Triumph Financial will post 1.96 earnings per share for the current year.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $72.43, for a total transaction of $928,552.60. Following the completion of the sale, the chief operating officer now directly owns 50,939 shares of the company’s stock, valued at $3,689,511.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in Triumph Financial by 0.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,424 shares of the company’s stock worth $4,284,000 after purchasing an additional 218 shares in the last quarter. Rhumbline Advisers boosted its stake in Triumph Financial by 0.4% in the third quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock valued at $4,442,000 after acquiring an additional 266 shares during the last quarter. Stifel Financial Corp boosted its stake in Triumph Financial by 4.0% in the third quarter. Stifel Financial Corp now owns 9,780 shares of the company’s stock valued at $634,000 after acquiring an additional 380 shares during the last quarter. Swiss National Bank boosted its stake in Triumph Financial by 1.0% in the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after acquiring an additional 500 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in Triumph Financial in the fourth quarter valued at about $42,000. 91.11% of the stock is owned by 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.