Triumph Financial (NASDAQ:TFIN) Shares Down 6.2% on Analyst Downgrade

Triumph Financial, Inc. (NASDAQ:TFIN) shares were down 6.2% during mid-day trading on Monday after DA Davidson lowered their price target on the stock from $68.00 to $56.00. DA Davidson currently has a neutral rating on the stock. Triumph Financial traded as low as $47.60 and last traded at $45.59. Approximately 17,024 shares were traded during trading, a decline of 90% from the average daily volume of 162,431 shares. The stock had previously closed at $48.62.

TFIN has been the topic of a number of other research reports. Stephens restated an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price target on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.20.

Institutional Trading of Triumph Financial

Several large investors have recently added to or reduced their stakes in TFIN. Precision Wealth Strategies LLC boosted its stake in shares of Triumph Financial by 9.7% during the 1st quarter. Precision Wealth Strategies LLC now owns 5,871 shares of the company’s stock worth $339,000 after acquiring an additional 517 shares during the last quarter. GAMMA Investing LLC raised its holdings in Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares during the period. NBC Securities Inc. lifted its position in 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 purchasing an additional 2,647 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Triumph Financial by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,234 shares of the company’s stock valued at $5,201,000 after purchasing an additional 5,782 shares during the period. Finally, Sovereign s Capital Management LLC purchased a new stake in Triumph Financial in the fourth quarter worth about $637,000. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Performance

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 firm has a market cap of $1.13 billion, a PE ratio of 89.71 and a beta of 1.18. The business has a 50-day simple moving average of $59.63 and a 200 day simple moving average of $79.77.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same period in the prior year, the company posted $0.14 earnings per share. Equities research analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

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.