Triumph Financial, Inc. (NASDAQ:TFIN) Expected to Earn Q2 2024 Earnings of $0.27 Per Share

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Triumph Financial in a report released on Monday, April 22nd. DA Davidson analyst G. Tenner forecasts that the company will earn $0.27 per share for the quarter. DA Davidson has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.74 per share.

Several other brokerages also recently weighed in on TFIN. Keefe, Bruyette & Woods upped their target price 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. Stephens reduced their target price on 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. Finally, Piper Sandler downgraded Triumph Financial from a “neutral” rating to an “underweight” rating and upped their target price 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 assigned a hold rating to the stock. According to MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Trading Up 2.2 %

Triumph Financial stock opened at $70.88 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12 month low of $46.67 and a 12 month high of $82.22. The stock’s 50 day simple moving average is $75.74 and its two-hundred day simple moving average is $72.51. The firm has a market cap of $1.65 billion, a PE ratio of 54.11 and a beta of 1.18.

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

Insider Activity at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 50,939 shares of the company’s stock, valued at approximately $3,689,511.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.15% of the stock is owned by corporate insiders.

Institutional Trading of Triumph Financial

Several large investors have recently added to or reduced their stakes in TFIN. Vanguard Group Inc. boosted its holdings in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after acquiring an additional 29,858 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Triumph Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock valued at $83,591,000 after acquiring an additional 14,714 shares during the period. Ameriprise Financial Inc. boosted its holdings in Triumph Financial by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock valued at $45,552,000 after acquiring an additional 14,703 shares during the period. Wellington Management Group LLP boosted its holdings in Triumph Financial by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after acquiring an additional 17,380 shares during the period. Finally, Ranger Investment Management L.P. boosted its holdings in Triumph Financial by 1.2% during the 4th quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock valued at $32,113,000 after acquiring an additional 4,660 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Financial

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.