Keefe, Bruyette & Woods Lowers Triumph Financial (NASDAQ:TFIN) Price Target to $56.00

Triumph Financial (NASDAQ:TFIN) had its price objective reduced by stock analysts at Keefe, Bruyette & Woods from $68.00 to $56.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 26.15% from the company’s previous close.

TFIN has been the subject of a number of other research reports. Stephens restated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson dropped their price target on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $75.40.

Triumph Financial Trading Down 8.7 %

NASDAQ TFIN traded down $4.23 during mid-day trading on Monday, hitting $44.39. The company’s stock had a trading volume of 156,428 shares, compared to its average volume of 163,005. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial has a 52-week low of $42.90 and a 52-week high of $110.58. The stock’s fifty day simple moving average is $60.66 and its two-hundred day simple moving average is $80.18. The firm has a market capitalization of $1.04 billion, a P/E ratio of 82.21 and a beta of 1.18.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. boosted its stake in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after purchasing an additional 204 shares during the period. KBC Group NV grew its stake in shares of Triumph Financial by 51.9% in the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock worth $110,000 after purchasing an additional 414 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock valued at $153,000 after acquiring an additional 2,647 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

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.