Triumph Financial (NASDAQ:TFIN) Announces Earnings Results

Triumph Financial (NASDAQ:TFIN) released its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter in the prior year, the company earned $0.51 earnings per share.

Triumph Financial Trading Up 4.8 %

NASDAQ TFIN opened at $87.11 on Friday. Triumph Financial has a 12 month low of $56.91 and a 12 month high of $95.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.03 billion, a PE ratio of 79.19 and a beta of 1.20. The business’s 50-day moving average price is $80.71 and its two-hundred day moving average price is $78.94.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TFIN. B. Riley reiterated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Piper Sandler lifted their price target on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a report on Thursday, July 18th. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Finally, DA Davidson boosted their price objective on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, Triumph Financial currently has a consensus rating of “Hold” and a consensus target price of $69.60.

Insider Transactions at Triumph Financial

In other news, COO Edward Joseph Schreyer sold 6,128 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total transaction of $498,880.48. Following the transaction, the chief operating officer now owns 39,698 shares of the company’s stock, valued at $3,231,814.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.15% of the stock is currently owned by corporate insiders.

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.