Triumph Financial (NASDAQ:TFIN) Trading Up 10.2% – Here’s What Happened

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) rose 10.2% on Friday . The company traded as high as $60.26 and last traded at $60.32. Approximately 71,293 shares were traded during trading, a decline of 68% from the average daily volume of 222,301 shares. The stock had previously closed at $54.72.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lifted their price target on shares of Triumph Financial from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.75.

Triumph Financial Price Performance

The company has a market cap of $1.43 billion, a PE ratio of 136.73 and a beta of 1.29. The business’s 50 day moving average price is $58.59 and its 200-day moving average price is $59.37. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. As a group, analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Institutional Trading of Triumph Financial

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $40,000 after acquiring an additional 320 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of Triumph Financial during the second quarter valued at $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares during the period. Finally, NBC Securities Inc. boosted its holdings in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock valued at $153,000 after acquiring an additional 2,647 shares during the period. Institutional investors own 91.11% 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.