FY2024 Earnings Estimate for Triumph Financial, Inc. Issued By DA Davidson (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – DA Davidson decreased their FY2024 earnings per share (EPS) estimates for shares of Triumph Financial in a research report issued to clients and investors on Wednesday, April 17th. DA Davidson analyst G. Tenner now anticipates that the company will earn $1.55 per share for the year, down from their prior forecast of $2.65. DA Davidson has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.96 per share.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.26% and a net margin of 7.16%. The firm had revenue of $106.15 million for the quarter, compared to analyst estimates of $106.81 million.

A number of other equities analysts also recently weighed in on the company. Piper Sandler downgraded Triumph Financial from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $64.00 to $67.00 in a research report on Monday, February 12th. Keefe, Bruyette & Woods upped their price objective on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Finally, Stephens dropped their price objective on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Triumph Financial has an average rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Trading Up 1.1 %

NASDAQ:TFIN opened at $68.85 on Friday. Triumph Financial has a twelve month low of $46.67 and a twelve month high of $82.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $76.09 and a two-hundred day moving average price of $72.23. The company has a market cap of $1.61 billion, a P/E ratio of 52.56 and a beta of 1.18.

Institutional Investors Weigh In On Triumph Financial

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Triumph Financial during the 2nd quarter worth $199,460,000. Vanguard Group Inc. increased its position in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after buying an additional 29,858 shares during the period. State Street Corp bought a new position in Triumph Financial during the 2nd quarter worth $71,738,000. Dimensional Fund Advisors LP increased its position in Triumph Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock worth $83,591,000 after buying an additional 14,714 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Triumph Financial by 2.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 703,067 shares of the company’s stock worth $45,552,000 after buying an additional 14,703 shares during the period. Institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 12,820 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the sale, the chief operating officer now owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.15% of the stock is owned by company insiders.

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.