Triumph Financial (NASDAQ:TFIN) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Triumph Financial (NASDAQ:TFIN) released its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10), Zacks reports. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%.

Triumph Financial Price Performance

Triumph Financial stock traded up $0.70 during midday trading on Wednesday, reaching $91.97. 147,499 shares of the stock were exchanged, compared to its average volume of 120,700. The company’s fifty day moving average is $96.36 and its 200-day moving average is $88.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $2.15 billion, a PE ratio of 117.91 and a beta of 1.24. Triumph Financial has a 52 week low of $66.85 and a 52 week high of $110.58.

Analysts Set New Price Targets

A number of research analysts have weighed in on TFIN shares. DA Davidson boosted their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley reiterated a “neutral” rating and issued a $65.00 target price on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two 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, the company presently has a consensus rating of “Hold” and an average price target of $71.60.

Insider Buying and Selling

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the transaction, the chief executive officer now owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.15% of the stock is currently owned by insiders.

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.