Triumph Financial (NYSE:TFIN) Posts Earnings Results, Hits Estimates

Triumph Financial (NYSE:TFIN) announced its earnings results on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44, FiscalAI reports. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The company had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million.

Triumph Financial Trading Up 1.6%

Shares of TFIN stock opened at $79.09 on Wednesday. The company has a market cap of $1.88 billion, a PE ratio of 66.46 and a beta of 1.39. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $81.00. The stock’s 50 day simple moving average is $72.95 and its two-hundred day simple moving average is $66.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Buying and Selling

In related news, insider Todd Ritterbusch purchased 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently made changes to their positions in TFIN. State Street Corp boosted its stake in shares of Triumph Financial by 1.8% during the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after purchasing an additional 23,678 shares during the period. Geode Capital Management LLC boosted its position in shares of Triumph Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $33,368,000 after buying an additional 4,747 shares during the period. Bank of America Corp DE boosted its position in shares of Triumph Financial by 1.6% during the third quarter. Bank of America Corp DE now owns 466,649 shares of the company’s stock valued at $23,351,000 after buying an additional 7,540 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Financial by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 289,427 shares of the company’s stock valued at $18,127,000 after buying an additional 25,427 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Triumph Financial by 17.0% in the fourth quarter. Marshall Wace LLP now owns 245,460 shares of the company’s stock worth $15,373,000 after buying an additional 35,626 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.