DA Davidson Comments on Triumph Financial, Inc.’s FY2024 Earnings (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Analysts at DA Davidson cut their FY2024 earnings per share estimates for Triumph Financial in a note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.16 per share for the year, down from their previous estimate of $1.55. DA Davidson currently has a “Neutral” rating and a $68.00 price target on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.65 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

Several other research firms have also recently weighed in on TFIN. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Stephens cut their target price on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, January 25th. Finally, Piper Sandler cut Triumph Financial from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Stock Down 0.2 %

NASDAQ TFIN opened at $70.73 on Wednesday. The business has a fifty day moving average price of $75.60 and a two-hundred day moving average price of $72.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Financial has a fifty-two week low of $46.67 and a fifty-two week high of $82.22. The stock has a market capitalization of $1.65 billion, a PE ratio of 53.99 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. The business had revenue of $106.15 million for the quarter, compared to the consensus estimate of $106.81 million.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 12,820 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $72.43, for a total transaction of $928,552.60. Following the completion of the transaction, the chief operating officer now directly owns 50,939 shares in the company, valued at $3,689,511.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TFIN. Bares Capital Management Inc. increased its holdings in shares of Triumph Financial by 192.3% during the third quarter. Bares Capital Management Inc. now owns 231,388 shares of the company’s stock worth $14,992,000 after buying an additional 152,222 shares in the last quarter. NFC Investments LLC acquired a new stake in Triumph Financial in the fourth quarter valued at $11,091,000. New York State Common Retirement Fund increased its holdings in Triumph Financial by 374.2% in the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock valued at $2,893,000 after purchasing an additional 35,232 shares during the period. Envestnet Asset Management Inc. increased its holdings 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 purchasing an additional 33,135 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Triumph Financial by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after purchasing an additional 29,858 shares during the period. 91.11% of the stock is currently owned by institutional investors and hedge funds.

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.