Triumph Financial (NASDAQ:TFIN) PT Raised to $84.00

Triumph Financial (NASDAQ:TFIN) had its price target hoisted by equities research analysts at DA Davidson from $74.00 to $84.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential downside of 6.10% from the stock’s current price. DA Davidson also issued estimates for Triumph Financial’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.63 EPS and FY2025 earnings at $1.82 EPS.

Other equities analysts have also issued reports about the company. B. Riley reissued a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $75.00 to $70.00 in a research report on Friday, July 19th. Stephens reissued an “equal weight” rating and issued a $74.00 target price on shares of Triumph Financial in a report on Thursday, July 18th. Finally, Piper Sandler upped their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, Triumph Financial presently has an average rating of “Hold” and an average target price of $71.60.

Triumph Financial Trading Up 2.7 %

Shares of TFIN opened at $89.46 on Friday. The firm has a market cap of $2.09 billion, a P/E ratio of 68.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial has a 1 year low of $56.91 and a 1 year high of $95.46. The company has a 50 day simple moving average of $80.88 and a two-hundred day simple moving average of $79.04.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. The company had revenue of $125.57 million during the quarter, compared to analysts’ expectations of $106.29 million. During the same period last year, the company posted $0.51 earnings per share. On average, equities analysts expect that Triumph Financial will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction on Tuesday, August 6th. The shares were 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 directly owns 39,698 shares of the company’s stock, valued at $3,231,814.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.15% of the stock is currently owned by insiders.

Institutional Trading of Triumph Financial

Institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock worth $215,052,000 after purchasing an additional 1,896,348 shares during the period. Vanguard Group Inc. increased its stake in Triumph Financial by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock worth $156,624,000 after buying an additional 11,722 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Triumph Financial by 7.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after buying an additional 79,777 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Triumph Financial by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock valued at $85,607,000 after buying an additional 8,541 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Triumph Financial by 1.0% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company’s stock worth $72,048,000 after acquiring an additional 8,990 shares in the last quarter. Institutional investors own 91.11% 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.