Triumph Financial (NASDAQ:TFIN) Hits New 12-Month High – Here’s Why

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) hit a new 52-week high on Tuesday . The stock traded as high as $103.12 and last traded at $103.08, with a volume of 166073 shares traded. The stock had previously closed at $100.08.

Analysts Set New Price Targets

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

Triumph Financial Stock Performance

The company’s 50-day simple moving average is $84.24 and its 200-day simple moving average is $81.38. 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 market cap of $2.35 billion, a price-to-earnings ratio of 131.64 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million during the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same period in the previous year, the company earned $0.51 EPS. Analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Trading of Triumph Financial

A number of institutional investors and hedge funds have recently modified their holdings of TFIN. Arizona State Retirement System increased its holdings in Triumph Financial by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after buying an additional 124 shares during the period. Callan Family Office LLC lifted its holdings in shares of Triumph Financial by 1.1% during the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock valued at $954,000 after acquiring an additional 126 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Triumph Financial by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock valued at $1,496,000 after purchasing an additional 153 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Triumph Financial by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $891,000 after acquiring an additional 200 shares during the last quarter. Finally, Kings Path Partners LLC increased its holdings in Triumph Financial by 2.4% during the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after purchasing an additional 216 shares in the last quarter. 91.11% of the stock is currently owned by 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.