DA Davidson Issues Pessimistic Forecast for Triumph Financial (NASDAQ:TFIN) Stock Price

Triumph Financial (NASDAQ:TFIN) had its price target lowered by stock analysts at DA Davidson from $68.00 to $56.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 22.27% from the stock’s current price.

A number of other equities analysts have also weighed in on TFIN. Keefe, Bruyette & Woods reduced their price objective on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a research note on Monday. Stephens reiterated an “equal weight” rating and set a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.20.

Triumph Financial Stock Performance

Shares of NASDAQ:TFIN traded down $2.82 during trading on Monday, hitting $45.80. The stock had a trading volume of 309,509 shares, compared to its average volume of 163,732. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 84.82 and a beta of 1.18. The stock has a 50-day simple moving average of $60.66 and a two-hundred day simple moving average of $80.18.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The business had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts expect that Triumph Financial will post 1.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Triumph Financial

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