DA Davidson Boosts Triumph Financial (NASDAQ:TFIN) Price Target to $74.00

Triumph Financial (NASDAQ:TFIN) had its target price lifted by DA Davidson from $68.00 to $74.00 in a research note released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Triumph Financial’s Q3 2024 earnings at $0.25 EPS and FY2024 earnings at $0.79 EPS.

TFIN has been the topic of a number of other research reports. Stephens reissued an equal weight rating and set a $74.00 price target on shares of Triumph Financial in a research report on Thursday. Keefe, Bruyette & Woods downgraded Triumph Financial from a market perform rating to an underperform rating and decreased their target price for the company from $75.00 to $70.00 in a research report on Friday. Finally, Piper Sandler upped their target price on Triumph Financial from $60.00 to $65.00 and gave the company an underweight rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $66.40.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $81.03 on Friday. The business’s 50 day moving average price is $78.07 and its two-hundred day moving average price is $76.04. The company has a market cap of $1.89 billion, a PE ratio of 61.85 and a beta of 1.22. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a twelve month low of $56.91 and a twelve month high of $95.46.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The business had revenue of $124.18 million for the quarter, compared to analyst estimates of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same period last year, the firm earned $0.29 EPS. On average, analysts predict that Triumph Financial will post 0.9 EPS for the current year.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the sale, the director now owns 351,484 shares of the company’s stock, valued at $24,997,542.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,452 shares of company stock worth $2,341,337. Company insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Several institutional investors have recently made changes to their positions in TFIN. Vanguard Group Inc. lifted its stake in Triumph Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock worth $156,624,000 after purchasing an additional 11,722 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Triumph Financial by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after purchasing an additional 14,714 shares during the last quarter. Wellington Management Group LLP lifted its stake in Triumph Financial by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock worth $45,613,000 after purchasing an additional 17,380 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in Triumph Financial by 1.2% during the fourth quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock worth $32,113,000 after purchasing an additional 4,660 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its stake in Triumph Financial by 10.7% during the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after purchasing an additional 24,847 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

About Triumph Financial

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.