FY2024 EPS Forecast for Triumph Financial Lowered by Analyst

Triumph Financial, Inc. (NASDAQ:TFIN) – Research analysts at DA Davidson lowered their FY2024 EPS estimates for Triumph Financial in a report released on Friday, October 18th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $0.63 per share for the year, down from their previous estimate of $0.74. DA Davidson has a “Neutral” rating and a $84.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $0.67 per share. DA Davidson also issued estimates for Triumph Financial’s Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.82 EPS.

Several other analysts have also issued reports on TFIN. Piper Sandler boosted their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. B. Riley reissued a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Stephens reissued an “equal weight” rating and issued a $74.00 price target on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $89.46 on Monday. The company’s 50 day moving average is $80.88 and its 200-day moving average is $79.06. Triumph Financial has a 12-month low of $56.91 and a 12-month high of $95.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.09 billion, a P/E ratio of 68.29 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same quarter in the previous year, the firm posted $0.51 earnings per share.

Insider Activity at Triumph Financial

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 39,698 shares of the company’s stock, valued at $3,231,814.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Triumph Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after purchasing an additional 29,858 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Triumph Financial during the 2nd quarter valued at $720,000. Sei Investments Co. grew its holdings in shares of Triumph Financial by 77.9% during the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock valued at $3,628,000 after purchasing an additional 20,026 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Triumph Financial during the 1st quarter valued at $988,000. Finally, American Century Companies Inc. grew its holdings in shares of Triumph Financial by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after purchasing an additional 63,760 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

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.