Triumph Financial (NASDAQ:TFIN) Shares Gap Down to $74.13

Triumph Financial, Inc. (NASDAQ:TFIN) gapped down prior to trading on Thursday . The stock had previously closed at $74.13, but opened at $69.79. Triumph Financial shares last traded at $67.84, with a volume of 85,215 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on TFIN. Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. DA Davidson dropped their price objective on Triumph Financial from $73.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday. Keefe, Bruyette & Woods upped their price objective 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. Finally, Stephens dropped their price objective 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $65.40.

Triumph Financial Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.02. The company has a market capitalization of $1.61 billion, a PE ratio of 52.56 and a beta of 1.18. The business has a 50-day moving average of $76.09 and a 200 day moving average of $72.23.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Tuesday, January 23rd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The firm had revenue of $106.15 million during the quarter, compared to analysts’ expectations of $106.81 million. Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. Equities research analysts predict that Triumph Financial, Inc. will post 1.74 earnings per share for the current year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $72.43, for a total transaction of $928,552.60. Following the sale, the chief operating officer now directly owns 50,939 shares in the company, valued at $3,689,511.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in Triumph Financial during the fourth quarter valued at approximately $42,000. Quest Partners LLC purchased a new stake in shares of Triumph Financial in the fourth quarter worth approximately $75,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Triumph Financial by 77.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock worth $91,000 after buying an additional 610 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Triumph Financial in the second quarter worth approximately $112,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Triumph Financial in the second quarter worth approximately $153,000. 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.