Triumph Financial (NYSE:TFIN) Announces Earnings Results

Triumph Financial (NYSE:TFINGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44, FiscalAI reports. The business had revenue of $120.24 million during the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a return on equity of 4.72% and a net margin of 7.17%.

Triumph Financial Trading Up 2.6%

Shares of NYSE:TFIN opened at $81.28 on Thursday. The stock’s 50-day moving average is $73.29 and its 200-day moving average is $66.77. Triumph Financial has a 52-week low of $46.43 and a 52-week high of $83.52. The company has a market cap of $1.94 billion, a P/E ratio of 54.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Insider Activity at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president owned 18,434 shares in the company, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $67.01 per share, with a total value of $469,070.00. Following the completion of the purchase, the insider owned 22,804 shares in the company, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Triumph Financial

Hedge funds have recently made changes to their positions in the stock. DRW Securities LLC bought a new stake in Triumph Financial in the 4th quarter valued at $212,000. Brooklyn Investment Group lifted its holdings in shares of Triumph Financial by 58.7% during the 4th quarter. Brooklyn Investment Group now owns 6,670 shares of the company’s stock worth $424,000 after acquiring an additional 2,467 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Triumph Financial during the 4th quarter valued at about $234,000. Entropy Technologies LP increased its stake in Triumph Financial by 6.2% in the third quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock valued at $255,000 after acquiring an additional 300 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Triumph Financial in the second quarter valued at about $230,000. Institutional investors own 91.11% of the company’s stock.

Key Headlines Impacting Triumph Financial

Here are the key news stories impacting Triumph Financial this week:

Wall Street Analyst Weigh In

Several research analysts have issued reports on TFIN shares. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Finally, DA Davidson reiterated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and a consensus price target of $64.75.

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About Triumph Financial

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Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.

Further Reading

Earnings History for Triumph Financial (NYSE:TFIN)

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