Triumph Financial (NYSE:TFIN) Announces Quarterly Earnings Results

Triumph Financial (NYSE:TFIN) posted its quarterly earnings data on Wednesday. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08), FiscalAI reports. Triumph Financial had a net margin of 8.96% and a return on equity of 5.61%. The company had revenue of $125.67 million for the quarter, compared to analyst estimates of $123.11 million.

Triumph Financial Stock Up 0.1%

Shares of NYSE TFIN opened at $62.07 on Friday. The firm has a 50 day moving average price of $66.12 and a 200 day moving average price of $69.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $1.48 billion, a P/E ratio of 41.94 and a beta of 1.53. Triumph Financial has a 52-week low of $49.27 and a 52-week high of $83.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TFIN shares. Stephens upped their target price on shares of Triumph Financial from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday. DA Davidson raised their price objective on Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. B. Riley Financial upgraded Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Friday, October 2nd. Finally, Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.20.

Insiders Place Their Bets

In other news, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the completion of the sale, the executive vice president owned 23,755 shares of the company’s stock, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward Schreyer sold 2,900 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the transaction, the executive vice president owned 15,534 shares in the company, valued at approximately $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.51% of the company’s stock.

About Triumph Financial

Triumph Financial, Inc is a financial holding company headquartered in Dallas, Texas, that provides banking, payments and financial services designed primarily for businesses and professionals in the transportation industry. The company operates through a technology-focused model that combines traditional banking capabilities with specialized payments and working-capital solutions.

Its offerings include commercial banking products, accounts and lending services, as well as transportation-focused invoice factoring through Triumph Business Capital.