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

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

Triumph Financial Stock Down 0.9 %

TFIN traded down $0.72 during midday trading on Thursday, reaching $82.39. The company’s stock had a trading volume of 25,560 shares, compared to its average volume of 155,643. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 74.99 and a beta of 1.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a 1 year low of $56.91 and a 1 year high of $95.46. The stock’s 50-day moving average is $80.62 and its 200-day moving average is $78.88.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TFIN shares. Stephens reaffirmed an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. 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. DA Davidson increased their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. 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. Finally, Piper Sandler increased their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.60.

Insiders Place Their Bets

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the sale, the chief operating officer now owns 39,698 shares in the company, valued at approximately $3,231,814.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.15% 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.