Triumph Financial (NASDAQ:TFIN) Price Target Increased to $84.00 by Analysts at DA Davidson

Triumph Financial (NASDAQ:TFIN) had its price objective lifted by DA Davidson from $74.00 to $84.00 in a research report sent to investors on Friday, Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Triumph Financial’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.63 EPS and FY2025 earnings at $1.82 EPS.

Several other research analysts have also weighed in on TFIN. Stephens reaffirmed an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a research report on Thursday, July 18th. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $75.00 to $70.00 in a research report on Friday, July 19th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Piper Sandler boosted their price target on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Stock Down 1.6 %

Shares of Triumph Financial stock opened at $88.07 on Friday. The business’s 50 day simple moving average is $81.01 and its 200 day simple moving average is $79.14. Triumph Financial has a 52-week low of $57.80 and a 52-week high of $95.46. The firm has a market cap of $2.06 billion, a PE ratio of 112.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The business had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter last year, the firm earned $0.51 EPS. On average, analysts predict that Triumph Financial will post 0.64 earnings per share for the current fiscal year.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of the transaction, the chief operating officer now directly owns 39,698 shares in the company, valued at approximately $3,231,814.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TFIN. Blue Trust Inc. boosted its stake in shares of Triumph Financial by 122.7% during the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after acquiring an additional 259 shares during the period. nVerses Capital LLC boosted its stake in Triumph Financial by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after purchasing an additional 600 shares during the period. Profund Advisors LLC bought a new stake in Triumph Financial in the 2nd quarter valued at $209,000. Wallace Advisory Group LLC bought a new stake in Triumph Financial in the 2nd quarter valued at $246,000. Finally, Federated Hermes Inc. boosted its stake in Triumph Financial by 8.1% in the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after purchasing an additional 264 shares during the period. 91.11% of the stock is currently 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.