Triumph Financial (NASDAQ:TFIN) Hits New 1-Year Low – What’s Next?

Triumph Financial, Inc. (NASDAQ:TFIN) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $60.42 and last traded at $60.59, with a volume of 75186 shares traded. The stock had previously closed at $62.40.

Wall Street Analyst Weigh In

TFIN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded Triumph Financial from an “underperform” rating to a “market perform” rating and cut their price objective for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. DA Davidson reduced their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stephens reissued an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $79.00.

Triumph Financial Stock Up 0.4 %

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 108.89 and a beta of 1.22. The firm has a 50-day moving average of $77.16 and a two-hundred day moving average of $85.35. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. As a group, sell-side analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV lifted its position in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares during the period. Curi RMB Capital LLC lifted its holdings in shares of Triumph Financial by 3.4% during the 3rd quarter. Curi RMB Capital LLC now owns 30,796 shares of the company’s stock worth $2,450,000 after acquiring an additional 1,027 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Triumph Financial by 1.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company’s stock valued at $91,975,000 after acquiring an additional 13,510 shares in the last quarter. LMR Partners LLP bought a new stake in Triumph Financial in the third quarter valued at about $225,000. Finally, Anthracite Investment Company Inc. raised its position in Triumph Financial by 14.9% in the third quarter. Anthracite Investment Company Inc. now owns 30,844 shares of the company’s stock worth $2,453,000 after purchasing an additional 4,000 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.