Triumph Financial, Inc. (NASDAQ:TFIN) to Post FY2024 Earnings of $1.16 Per Share, DA Davidson Forecasts

Triumph Financial, Inc. (NASDAQ:TFIN) – Research analysts at DA Davidson dropped their FY2024 earnings per share estimates for Triumph Financial in a research report issued on Monday, April 22nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.16 per share for the year, down from their previous estimate of $1.55. DA Davidson currently has a “Neutral” rating and a $68.00 target price on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.47 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

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

Triumph Financial Price Performance

Triumph Financial stock opened at $70.58 on Wednesday. The stock’s 50 day moving average is $75.42 and its 200 day moving average is $72.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $1.65 billion, a P/E ratio of 53.88 and a beta of 1.18. Triumph Financial has a one year low of $46.67 and a one year high of $82.22.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $106.15 million during the quarter, compared to analyst estimates of $106.81 million. Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors have recently added to or reduced their stakes in TFIN. SG Americas Securities LLC raised its position in shares of Triumph Financial by 101.2% during the third quarter. SG Americas Securities LLC now owns 14,859 shares of the company’s stock worth $963,000 after purchasing an additional 7,472 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Triumph Financial during the third quarter worth approximately $200,000. Sippican Capital Advisors raised its position in shares of Triumph Financial by 9.4% during the third quarter. Sippican Capital Advisors now owns 33,645 shares of the company’s stock worth $2,180,000 after purchasing an additional 2,880 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Triumph Financial by 77.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock worth $91,000 after purchasing an additional 610 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Triumph Financial during the third quarter worth approximately $221,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the transaction, the chief operating officer now directly owns 50,939 shares of the company’s stock, valued at $3,689,511.77. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.15% of the company’s stock.

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.