Triumph Financial (NYSE:TFIN) Shares Gap Up on Earnings Beat

Triumph Financial, Inc. (NYSE:TFIN)’s share price gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $70.56, but opened at $75.05. Triumph Financial shares last traded at $69.05, with a volume of 33,592 shares traded.

The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.29 by $0.48. The firm had revenue of $120.08 million during the quarter, compared to the consensus estimate of $111.21 million. Triumph Financial had a return on equity of 3.53% and a net margin of 4.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TFIN. B. Riley lowered shares of Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of Triumph Financial in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Triumph Financial from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Triumph Financial currently has an average rating of “Reduce” and a consensus price target of $70.00.

Triumph Financial Price Performance

The firm has a 50-day simple moving average of $63.35. The stock has a market cap of $1.51 billion, a P/E ratio of 68.14 and a beta of 1.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96.

About Triumph Financial

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.