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

Triumph Financial, Inc. (NASDAQ:TFIN) – Analysts at DA Davidson decreased their Q2 2024 earnings per share (EPS) estimates for Triumph Financial in a research note issued on Thursday, June 27th. DA Davidson analyst G. Tenner now forecasts that the company will earn $0.23 per share for the quarter, down from their prior estimate of $0.27. DA Davidson currently has a “Neutral” rating and a $68.00 target price 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 released its quarterly earnings results on Wednesday, April 17th. The company reported $0.14 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 business had revenue of $101.03 million during the quarter, compared to analysts’ expectations of $106.01 million.

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

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $81.04 on Monday. The company has a 50 day moving average price of $74.51 and a 200 day moving average price of $75.41. The firm has a market capitalization of $1.89 billion, a P/E ratio of 61.86 and a beta of 1.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. Triumph Financial has a 52 week low of $56.91 and a 52 week high of $82.30.

Hedge Funds Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC acquired a new stake in Triumph Financial in the fourth quarter valued at approximately $42,000. Quest Partners LLC purchased a new stake in Triumph Financial in the 4th quarter worth $75,000. Welch Group LLC acquired a new position in Triumph Financial during the fourth quarter worth $212,000. Howard Financial Services LTD. purchased a new stake in shares of Triumph Financial during the fourth quarter worth about $241,000. Finally, ProShare Advisors LLC raised its holdings in shares of Triumph Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock valued at $354,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insiders Place Their Bets

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

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.