Triumph Financial (NASDAQ:TFIN) Reaches New 1-Year Low – Here’s What Happened

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $58.11 and last traded at $58.32, with a volume of 53944 shares changing hands. The stock had previously closed at $61.28.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TFIN shares. Stephens restated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised Triumph Financial from an “underperform” rating to a “market perform” rating and decreased their price objective for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. Finally, DA Davidson cut their target price on 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 analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.00.

Triumph Financial Stock Down 4.0 %

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 108.89 and a beta of 1.22. The stock’s 50 day moving average is $70.21 and its 200 day moving average is $83.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. Analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Institutional Trading of Triumph Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in TFIN. Bank of America Corp DE boosted its holdings in Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock worth $31,860,000 after buying an additional 289,955 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Triumph Financial by 34.0% during the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock valued at $71,086,000 after acquiring an additional 198,611 shares during the last quarter. Norges Bank bought a new stake in shares of Triumph Financial during the 4th quarter worth $6,151,000. Hodges Capital Management Inc. grew its holdings in shares of Triumph Financial by 42.3% in the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock worth $13,490,000 after acquiring an additional 44,100 shares during the last quarter. Finally, Curi RMB Capital LLC raised its position in shares of Triumph Financial by 133.9% during the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company’s stock worth $6,545,000 after purchasing an additional 41,226 shares during the period. 91.11% of the stock is currently 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.