FY2024 EPS Estimates for Triumph Financial, Inc. Reduced by DA Davidson (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Research analysts at DA Davidson cut their FY2024 earnings per share estimates for Triumph Financial in a research note issued on Monday, April 22nd. DA Davidson analyst G. Tenner now anticipates that the company will earn $1.16 per share for the year, down from their prior estimate of $1.55. 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 $1.65 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

Several other research firms also recently commented on TFIN. Stephens reduced their price objective on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, January 25th. Piper Sandler lowered shares of Triumph Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $61.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Stock Up 2.2 %

TFIN stock opened at $70.88 on Wednesday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 54.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Financial has a 1-year low of $46.67 and a 1-year high of $82.22. The business has a fifty day moving average price of $75.74 and a 200-day moving average price of $72.51.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The business had revenue of $106.15 million during the quarter, compared to the consensus estimate of $106.81 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%.

Insider Transactions at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $72.43, for a total transaction of $928,552.60. Following the completion of the sale, the chief operating officer now directly owns 50,939 shares of the company’s stock, valued at approximately $3,689,511.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its position in Triumph Financial by 0.4% in the third quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock worth $4,442,000 after acquiring an additional 266 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Triumph Financial by 1.0% in the 3rd quarter. Swiss National Bank now owns 48,800 shares of the company’s stock worth $3,162,000 after purchasing an additional 500 shares during the period. Larson Financial Group LLC bought a new position in shares of Triumph Financial during the 4th quarter valued at approximately $42,000. Yousif Capital Management LLC lifted its position in Triumph Financial by 5.1% in the fourth quarter. Yousif Capital Management LLC now owns 11,278 shares of the company’s stock worth $904,000 after buying an additional 544 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Triumph Financial by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,200 shares of the company’s stock worth $497,000 after buying an additional 600 shares during the period. 91.11% of the stock is 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.