Triumph Financial (NASDAQ:TFIN) Hits New 12-Month Low – Here’s Why

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $66.41 and last traded at $66.28, with a volume of 92256 shares traded. The stock had previously closed at $68.85.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and decreased their target price for the company from $80.00 to $74.00 in a research note on Thursday. DA Davidson reduced their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stephens reissued an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.00.

Triumph Financial Stock Down 3.3 %

The company’s 50 day moving average price is $81.29 and its two-hundred day moving average price is $86.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.56 billion, a PE ratio of 123.26 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, equities research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock worth $184,252,000 after acquiring an additional 24,868 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Triumph Financial by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock valued at $106,840,000 after purchasing an additional 19,286 shares during the period. American Century Companies Inc. raised its position in shares of Triumph Financial by 34.0% during the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock valued at $71,086,000 after purchasing an additional 198,611 shares during the period. Geode Capital Management LLC lifted its stake in shares of Triumph Financial by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 518,112 shares of the company’s stock valued at $41,218,000 after buying an additional 8,609 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Triumph Financial by 478.3% in the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock worth $31,860,000 after buying an additional 289,955 shares during the period. 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.