Triumph Financial (NASDAQ:TFIN) Shares Gap Down After Earnings Miss

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $91.97, but opened at $88.70. Triumph Financial shares last traded at $82.55, with a volume of 35,274 shares changing hands.

The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TFIN. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson raised their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.60.

Insider Transactions at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares in the company, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Callan Family Office LLC boosted its holdings in shares of Triumph Financial by 1.7% during the third quarter. Callan Family Office LLC now owns 11,868 shares of the company’s stock worth $944,000 after purchasing an additional 201 shares during the period. Blue Trust Inc. boosted its position in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after purchasing an additional 204 shares during the last quarter. Kings Path Partners LLC increased its position in Triumph Financial by 2.4% in the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock worth $726,000 after purchasing an additional 216 shares during the last quarter. KBC Group NV raised its stake in shares of Triumph Financial by 46.4% during the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Triumph Financial by 8.1% during the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after buying an additional 264 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Stock Down 9.7 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 106.66 and a beta of 1.24. The business has a fifty day moving average of $96.15 and a 200 day moving average of $88.68.

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.