Triumph Financial, Inc. (NASDAQ:TFIN – Free Report) – DA Davidson decreased their FY2024 earnings per share (EPS) estimates for shares of Triumph Financial in a research report issued to clients and investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the company will earn $1.55 per share for the year, down from their prior forecast of $2.65. DA Davidson has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.96 per share.
Triumph Financial (NASDAQ:TFIN – Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. The firm had revenue of $106.15 million for the quarter, compared to analyst estimates of $106.81 million.
View Our Latest Analysis on Triumph Financial
Triumph Financial Trading Up 1.1 %
NASDAQ:TFIN opened at $68.85 on Friday. Triumph Financial has a twelve month low of $46.67 and a twelve month high of $82.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $76.09 and a two-hundred day moving average price of $72.23. The company has a market cap of $1.61 billion, a P/E ratio of 52.56 and a beta of 1.18.
Institutional Investors Weigh In On Triumph Financial
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Triumph Financial during the 2nd quarter worth $199,460,000. Vanguard Group Inc. increased its position in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after buying an additional 29,858 shares during the period. State Street Corp bought a new position in Triumph Financial during the 2nd quarter worth $71,738,000. Dimensional Fund Advisors LP increased its position in Triumph Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after buying an additional 14,714 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Triumph Financial by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock worth $45,552,000 after buying an additional 14,703 shares during the period. Institutional investors own 91.11% of the company’s stock.
Insider Activity at Triumph Financial
In related news, COO Edward Joseph Schreyer sold 12,820 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the sale, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.15% of the stock is owned by company 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.
Further Reading
- Five stocks we like better than Triumph Financial
- Airline Stocks – Top Airline Stocks to Buy Now
- Comprehensive Analysis of PayPal Stock
- How to Invest in Insurance Companies: A Guide
- Intuitive Surgical Stock Can Trend Much Higher This Year
- What is a Special Dividend?
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Triumph Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Financial and related companies with MarketBeat.com's FREE daily email newsletter.