Triumph Financial (NASDAQ:TFIN) Sets New 12-Month High – Here’s What Happened

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $105.08 and last traded at $105.08, with a volume of 25634 shares traded. The stock had previously closed at $102.19.

Wall Street Analysts Forecast Growth

TFIN has been the subject of several analyst reports. DA Davidson upped their target price on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, October 18th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective 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. Based on data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average price target of $71.60.

Triumph Financial Stock Up 2.8 %

The firm has a 50-day moving average of $87.17 and a two-hundred day moving average of $82.77. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 134.69 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TFIN. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Triumph Financial by 258.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after acquiring an additional 1,896,348 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Triumph Financial by 7.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after purchasing an additional 79,777 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Triumph Financial by 108.3% in the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after purchasing an additional 77,546 shares in the last quarter. American Century Companies Inc. increased its position in Triumph Financial by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock worth $46,654,000 after purchasing an additional 63,760 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Triumph Financial by 96.7% during the 2nd quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock worth $7,355,000 after purchasing an additional 44,233 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.