Q2 2024 EPS Estimates for Triumph Financial, Inc. (NASDAQ:TFIN) Cut by Analyst

Triumph Financial, Inc. (NASDAQ:TFIN) – Investment analysts at DA Davidson decreased their Q2 2024 EPS estimates for Triumph Financial in a report issued on Thursday, June 27th. DA Davidson analyst G. Tenner now expects that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.27. DA Davidson has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.07 per share. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $0.98 EPS and FY2025 earnings at $1.95 EPS.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, April 17th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. The firm had revenue of $101.03 million during the quarter, compared to the consensus estimate of $106.01 million.

Separately, Keefe, Bruyette & Woods lifted their target price on Triumph Financial from $68.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $66.80.

Triumph Financial Trading Down 2.0 %

Shares of TFIN stock opened at $80.12 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. Triumph Financial has a fifty-two week low of $56.91 and a fifty-two week high of $82.30. The company has a market cap of $1.87 billion, a PE ratio of 61.16 and a beta of 1.22. The stock’s fifty day moving average price is $74.29 and its two-hundred day moving average price is $75.40.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG boosted its position in Triumph Financial by 13.3% during the third quarter. Deutsche Bank AG now owns 11,219 shares of the company’s stock valued at $727,000 after acquiring an additional 1,315 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Triumph Financial by 83.6% in the third quarter. Envestnet Asset Management Inc. now owns 72,759 shares of the company’s stock valued at $4,714,000 after buying an additional 33,135 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Triumph Financial by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock worth $45,552,000 after buying an additional 14,703 shares in the last quarter. EJF Capital LLC grew its position in shares of Triumph Financial by 33.6% during the 3rd quarter. EJF Capital LLC now owns 8,349 shares of the company’s stock worth $541,000 after buying an additional 2,099 shares during the period. Finally, Earnest Partners LLC increased its stake in shares of Triumph Financial by 4.0% in the 3rd quarter. Earnest Partners LLC now owns 142,928 shares of the company’s stock valued at $9,260,000 after acquiring an additional 5,546 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Triumph Financial news, insider Todd Ritterbusch sold 3,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $74.07, for a total value of $222,210.00. Following the completion of the transaction, the insider now directly owns 7,434 shares in the company, valued at $550,636.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Todd Ritterbusch sold 3,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $74.07, for a total transaction of $222,210.00. Following the completion of the transaction, the insider now owns 7,434 shares of the company’s stock, valued at $550,636.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the completion of the sale, the director now directly owns 351,484 shares in the company, valued at approximately $24,997,542.08. The disclosure for this sale can be found here. Insiders have sold 26,854 shares of company stock worth $1,940,069 in the last 90 days. Insiders own 6.15% of the company’s stock.

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.