Triumph Financial (NASDAQ:TFIN) Sets New 1-Year High – Should You Buy?

Triumph Financial, Inc. (NASDAQ:TFIN) reached a new 52-week high on Tuesday . The company traded as high as $103.12 and last traded at $103.08, with a volume of 166073 shares trading hands. The stock had previously closed at $100.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. B. Riley reiterated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Piper Sandler upped their price objective on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Stephens reiterated an “equal weight” rating and issued a $74.00 target price on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, DA Davidson upped their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, Triumph Financial has a consensus rating of “Hold” and an average target price of $71.60.

Triumph Financial Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $84.24 and its 200-day moving average price is $81.38. The stock has a market capitalization of $2.35 billion, a PE ratio of 131.64 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The business had revenue of $125.57 million during the quarter, compared to analysts’ expectations of $106.29 million. During the same period in the prior year, the business earned $0.51 EPS. On average, equities analysts forecast that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Trading of Triumph Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. BNP Paribas Financial Markets increased its holdings in Triumph Financial by 77.8% in the 1st quarter. BNP Paribas Financial Markets now owns 11,028 shares of the company’s stock worth $875,000 after buying an additional 4,825 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Triumph Financial by 0.8% in the first quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock valued at $1,496,000 after acquiring an additional 153 shares during the period. Sei Investments Co. boosted its position in Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after purchasing an additional 20,026 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Triumph Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock valued at $354,000 after purchasing an additional 306 shares during the period. Finally, Anthracite Investment Company Inc. grew its position in shares of Triumph Financial by 13.5% during the 1st quarter. Anthracite Investment Company Inc. now owns 16,844 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.