Triumph Financial (NASDAQ:TFIN) Reaches New 1-Year Low – Here’s What Happened

Triumph Financial, Inc. (NASDAQ:TFIN) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $58.11 and last traded at $58.32, with a volume of 53944 shares changing hands. The stock had previously closed at $61.28.

Wall Street Analyst Weigh In

TFIN has been the subject of several analyst reports. Stephens restated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and decreased their price objective for the company from $80.00 to $74.00 in a research report on Thursday, February 27th. Finally, DA Davidson dropped their target price on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $79.00.

Triumph Financial Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $70.21 and its two-hundred day moving average price is $83.49. The company has a market cap of $1.38 billion, a P/E ratio of 108.89 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. As a group, sell-side analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently added to or reduced their stakes in TFIN. Precision Wealth Strategies LLC raised its holdings in shares of Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock worth $487,000 after purchasing an additional 141 shares during the period. Federated Hermes Inc. raised its stake in Triumph Financial by 4.3% during the fourth quarter. Federated Hermes Inc. now owns 3,578 shares of the company’s stock worth $325,000 after acquiring an additional 147 shares during the period. Blue Trust Inc. lifted its holdings in Triumph Financial by 43.4% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after acquiring an additional 204 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Triumph Financial by 2.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company’s stock valued at $1,120,000 after acquiring an additional 252 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Triumph Financial by 9.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company’s stock valued at $273,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.