Triumph Financial (NASDAQ:TFIN) Announces Earnings Results, Beats Estimates By $0.02 EPS

Triumph Financial (NASDAQ:TFIN) issued its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. The business had revenue of $125.57 million for the quarter, compared to analysts’ expectations of $106.29 million. During the same quarter in the previous year, the firm posted $0.51 EPS.

Triumph Financial Price Performance

NASDAQ:TFIN traded down $0.72 during midday trading on Thursday, hitting $82.39. The company had a trading volume of 25,560 shares, compared to its average volume of 155,643. Triumph Financial has a 52-week low of $56.91 and a 52-week high of $95.46. The stock’s fifty day moving average price is $80.62 and its 200-day moving average price is $78.88. The company has a market capitalization of $1.92 billion, a PE ratio of 74.99 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at $3,231,814.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. DA Davidson boosted their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Piper Sandler lifted their price target on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Stephens restated an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research report on Thursday, July 18th. Keefe, Bruyette & Woods lowered shares of Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $75.00 to $70.00 in a research report on Friday, July 19th. Finally, B. Riley reissued a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.60.

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.