Triumph Financial (NYSE:TFIN) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Triumph Financial (NYSE:TFIN) issued its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08, Zacks reports. Triumph Financial had a net margin of 4.89% and a return on equity of 3.49%. The business had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $65.86 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.57 billion, a P/E ratio of 70.26 and a beta of 1.43. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $77.84. The stock’s fifty day simple moving average is $60.01.

Analyst Ratings Changes

Several brokerages recently commented on TFIN. DA Davidson reiterated a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a research note on Thursday, January 29th. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Keefe, Bruyette & Woods lifted their target price on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, B. Riley Financial reissued a “neutral” rating and issued a $70.00 target price on shares of Triumph Financial in a research report on Monday, January 12th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.75.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in Triumph Financial by 9.3% in the 2nd 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. Los Angeles Capital Management LLC acquired a new stake in Triumph Financial during the 4th quarter worth approximately $174,000. Maryland State Retirement & Pension System purchased a new position in shares of Triumph Financial in the 4th quarter valued at approximately $206,000. DRW Securities LLC purchased a new position in shares of Triumph Financial in the 4th quarter valued at approximately $212,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Triumph Financial in the fourth quarter valued at approximately $234,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.