FY2024 EPS Estimates for Triumph Financial, Inc. Reduced by DA Davidson (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – DA Davidson cut their FY2024 earnings estimates for Triumph Financial in a research report issued on Thursday, October 3rd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $0.74 per share for the year, down from their prior forecast of $0.79. DA Davidson has a “Neutral” rating and a $74.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $0.85 per share.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same period in the previous year, the firm posted $0.29 EPS.

TFIN has been the subject of several other reports. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Stephens restated an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a report on Thursday, July 18th. Piper Sandler raised their price target on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Finally, B. Riley reissued a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.60.

Triumph Financial Stock Up 1.1 %

Shares of Triumph Financial stock opened at $74.63 on Friday. Triumph Financial has a 12-month low of $56.91 and a 12-month high of $95.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $81.84 and a two-hundred day moving average price of $78.87. The stock has a market capitalization of $1.74 billion, a P/E ratio of 56.97 and a beta of 1.20.

Institutional Trading of Triumph Financial

Several institutional investors have recently made changes to their positions in the business. Arizona State Retirement System raised its position in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock worth $507,000 after purchasing an additional 124 shares in the last quarter. Callan Family Office LLC lifted its position in shares of Triumph Financial by 1.1% during the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after buying an additional 126 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Triumph Financial by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after buying an additional 153 shares during the period. Louisiana State Employees Retirement System boosted its stake in Triumph Financial by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after buying an additional 200 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Triumph Financial by 8.1% in the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after acquiring an additional 264 shares during the period. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s 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 completion of the transaction, the chief operating officer now owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the transaction, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares in the company, valued at $3,231,814.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.15% of the company’s stock.

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.