Triumph Financial (NASDAQ:TFIN) Shares Gap Down on Disappointing Earnings

Triumph Financial, Inc. (NASDAQ:TFIN) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $91.97, but opened at $88.70. Triumph Financial shares last traded at $82.55, with a volume of 35,274 shares trading hands.

The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%.

Wall Street Analyst Weigh In

TFIN has been the topic of several recent analyst reports. DA Davidson lifted their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Stephens restated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research report on Thursday. Finally, B. Riley restated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.60.

Insider Activity at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares in the company, valued at approximately $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

Several large investors have recently made changes to their positions in the stock. KBC Group NV increased its position in shares of Triumph Financial by 51.9% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock worth $110,000 after acquiring an additional 414 shares in the last quarter. Blue Trust Inc. grew its position in shares of Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after acquiring an additional 204 shares during the period. Cottonwood Capital Advisors LLC bought a new position in shares of Triumph Financial in the 4th quarter valued at about $215,000. Janney Montgomery Scott LLC grew its position in shares of Triumph Financial by 27.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,564 shares of the company’s stock valued at $324,000 after acquiring an additional 767 shares during the period. Finally, Mechanics Bank Trust Department acquired a new stake in shares of Triumph Financial during the 4th quarter worth about $202,000. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Trading Down 14.3 %

The business’s 50 day moving average price is $96.15 and its 200-day moving average price is $88.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 101.10 and a beta of 1.24.

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.