Q3 2024 EPS Estimates for Triumph Financial, Inc. (NASDAQ:TFIN) Cut by Analyst

Triumph Financial, Inc. (NASDAQ:TFIN) – Stock analysts at B. Riley cut their Q3 2024 earnings per share (EPS) estimates for Triumph Financial in a report released on Tuesday, October 1st. B. Riley analyst H. Goetsch now expects that the company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.38. B. Riley currently has a “Neutral” rating and a $65.00 target price on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $0.85 per share. B. Riley also issued estimates for Triumph Financial’s Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.60 EPS and FY2025 earnings at $1.85 EPS.

Several other brokerages also recently weighed in on TFIN. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and cut their price target for the company from $75.00 to $70.00 in a report on Friday, July 19th. Piper Sandler upped their target price on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. DA Davidson raised their price target on Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.60.

Triumph Financial Stock Performance

Shares of TFIN opened at $74.63 on Friday. Triumph Financial has a 1 year low of $56.91 and a 1 year high of $95.46. The company’s 50 day simple moving average is $81.84 and its 200 day simple moving average is $78.87. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 56.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The firm 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.

Insider Buying and Selling at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the stock in a transaction that occurred 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 owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the transaction, the chief operating officer now owns 39,698 shares in the company, valued at approximately $3,231,814.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Triumph Financial by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after acquiring an additional 29,858 shares in the last quarter. First Hawaiian Bank purchased a new stake in Triumph Financial during the 2nd quarter worth $720,000. Bares Capital Management Inc. increased its stake in Triumph Financial by 10.7% during the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after buying an additional 24,847 shares during the period. Sei Investments Co. lifted its holdings in Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after buying an additional 20,026 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in Triumph Financial in the 1st quarter valued at about $988,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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.