Triumph Financial (NASDAQ:TFIN) Stock Price Down 6.2% After Analyst Downgrade

Triumph Financial, Inc. (NASDAQ:TFIN)’s stock price fell 6.2% during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $68.00 to $56.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Triumph Financial traded as low as $47.60 and last traded at $45.59. Approximately 17,024 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 162,431 shares. The stock had previously closed at $48.62.

Other analysts have also recently issued research reports about the stock. DA Davidson lowered their price objective on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Stephens reiterated an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock valued at $184,252,000 after buying an additional 24,868 shares during the period. Thrivent Financial for Lutherans lifted its position in Triumph Financial by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock valued at $106,840,000 after acquiring an additional 19,286 shares during the period. American Century Companies Inc. grew its holdings in Triumph Financial by 34.0% in the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock worth $71,086,000 after purchasing an additional 198,611 shares during the period. Geode Capital Management LLC increased its stake in shares of Triumph Financial by 1.7% during the third quarter. Geode Capital Management LLC now owns 518,112 shares of the company’s stock valued at $41,218,000 after purchasing an additional 8,609 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock valued at $31,860,000 after purchasing an additional 289,955 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

The firm has a 50 day moving average of $60.66 and a two-hundred day moving average of $80.18. The company has a market cap of $1.04 billion, a PE ratio of 82.08 and a beta of 1.18. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

Triumph Financial Company Profile

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.