Triumph Financial (NASDAQ:TFIN) Shares Gap Down on Disappointing Earnings

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $49.95, but opened at $48.16. Triumph Financial shares last traded at $45.07, with a volume of 47,408 shares.

The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million during the quarter, compared to analysts’ expectations of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same period in the previous year, the business earned $0.14 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TFIN. Stephens reissued an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $80.00 to $74.00 in a research report on Thursday, February 27th. Finally, DA Davidson cut 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus target price of $79.00.

Institutional Trading of Triumph Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Triumph Financial by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company’s stock worth $1,530,000 after purchasing an additional 536 shares during the last quarter. US Bancorp DE increased its stake in shares of Triumph Financial by 2.5% during the 4th quarter. US Bancorp DE now owns 13,425 shares of the company’s stock valued at $1,220,000 after acquiring an additional 322 shares during the last quarter. Barclays PLC lifted its holdings in shares of Triumph Financial by 88.8% during the 3rd quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after acquiring an additional 24,144 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Triumph Financial in the fourth quarter worth approximately $445,000. Finally, HighTower Advisors LLC grew its holdings in Triumph Financial by 17.1% in the third quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock valued at $491,000 after purchasing an additional 902 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Down 2.7 %

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 90.04 and a beta of 1.18. The firm’s 50-day moving average is $60.66 and its 200 day moving average is $80.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

About Triumph Financial

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.