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

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $99.35 and last traded at $99.35, with a volume of 2205 shares trading hands. The stock had previously closed at $89.30.

Analyst Upgrades and Downgrades

Several research firms have commented on TFIN. Stephens reiterated an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Piper Sandler boosted their price objective on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. B. Riley reiterated a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Finally, DA Davidson boosted their target price on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $71.60.

Triumph Financial Stock Up 13.5 %

The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 114.49 and a beta of 1.18. The business has a fifty day moving average of $82.25 and a 200 day moving average of $80.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The firm had revenue of $125.57 million for the quarter, compared to analysts’ expectations of $106.29 million. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, equities analysts predict that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after purchasing an additional 259 shares during the period. KBC Group NV raised its position in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after purchasing an additional 253 shares during the period. nVerses Capital LLC raised its position in Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after purchasing an additional 600 shares during the period. Profund Advisors LLC purchased a new stake in Triumph Financial in the second quarter valued at approximately $209,000. Finally, Wallace Advisory Group LLC purchased a new stake in Triumph Financial in the second quarter valued at approximately $246,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

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.