FY2024 EPS Estimates for Triumph Financial, Inc. Reduced by Analyst (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities researchers at DA Davidson reduced their FY2024 earnings per share estimates for Triumph Financial in a note issued to investors on Monday, April 22nd. DA Davidson analyst G. Tenner now expects that the company will earn $1.16 per share for the year, down from their previous forecast of $1.55. 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 $1.65 per share. DA Davidson also issued estimates for Triumph Financial’s FY2025 earnings at $2.24 EPS.

Triumph Financial (NASDAQ:TFIN) last posted 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 net margin of 7.16% and a return on equity of 4.22%. The business had revenue of $106.15 million during the quarter, compared to the consensus estimate of $106.81 million.

TFIN has been the subject of several other research reports. Piper Sandler downgraded shares of Triumph Financial from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Monday, February 12th. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $61.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Finally, Stephens dropped their price target on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating for the company in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.40.

Triumph Financial Price Performance

NASDAQ:TFIN opened at $70.88 on Wednesday. The company has a market cap of $1.65 billion, a P/E ratio of 54.11 and a beta of 1.18. The firm’s fifty day moving average price is $75.74 and its two-hundred day moving average price is $72.51. Triumph Financial has a one year low of $46.67 and a one year high of $82.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00.

Institutional Trading of Triumph Financial

Several institutional investors have recently modified their holdings of TFIN. Illinois Municipal Retirement Fund bought a new position in shares of Triumph Financial during the third quarter worth about $825,000. New York State Common Retirement Fund boosted its position in Triumph Financial by 374.2% during the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock valued at $2,893,000 after acquiring an additional 35,232 shares during the last quarter. Legato Capital Management LLC grew its holdings in Triumph Financial by 60.2% during the 4th quarter. Legato Capital Management LLC now owns 61,944 shares of the company’s stock worth $4,967,000 after acquiring an additional 23,270 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of Triumph Financial by 10.0% in the 3rd quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company’s stock valued at $11,966,000 after purchasing an additional 16,753 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Triumph Financial by 1.0% in the 3rd quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after purchasing an additional 500 shares during the period. Institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 12,820 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $72.43, for a total value of $928,552.60. Following the completion of the transaction, the chief operating officer now owns 50,939 shares of the company’s stock, valued at approximately $3,689,511.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.15% of the stock is currently owned by 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.