Triumph Financial (NASDAQ:TFIN) Shares Up 4.8% After Better-Than-Expected Earnings

Triumph Financial, Inc. (NASDAQ:TFIN)’s stock price shot up 4.8% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $87.24 and last traded at $87.14. 100,792 shares were traded during trading, a decline of 35% from the average session volume of 156,065 shares. The stock had previously closed at $83.11.

The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The business had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. During the same quarter in the previous year, the company posted $0.51 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TFIN shares. Stephens reissued an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a research report on Thursday, July 18th. DA Davidson boosted their target price on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and cut their target price for the company from $75.00 to $70.00 in a research report on Friday, July 19th. B. Riley reissued a “neutral” rating and set a $65.00 target price on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Piper Sandler boosted their target price on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $69.60.

Insider Activity at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of the transaction, the chief operating officer now owns 39,698 shares in the company, valued at $3,231,814.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Triumph Financial

Large investors have recently bought and sold shares of the business. Kings Path Partners LLC lifted its holdings in shares of Triumph Financial by 2.4% in the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock worth $726,000 after buying an additional 216 shares during the period. Callan Family Office LLC lifted its holdings in shares of Triumph Financial by 1.7% in the 3rd quarter. Callan Family Office LLC now owns 11,868 shares of the company’s stock worth $944,000 after buying an additional 201 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Triumph Financial by 759.6% in the 3rd quarter. SG Americas Securities LLC now owns 11,742 shares of the company’s stock worth $934,000 after buying an additional 10,376 shares during the period. Mendon Capital Advisors Corp purchased a new stake in shares of Triumph Financial in the 2nd quarter worth $1,022,000. Finally, Wallace Advisory Group LLC purchased a new stake in shares of Triumph Financial in the 2nd quarter worth $246,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 4.8 %

The firm has a market capitalization of $2.03 billion, a PE ratio of 79.19 and a beta of 1.20. The company has a fifty day simple moving average of $80.71 and a two-hundred day simple moving average of $78.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

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.