Triumph Financial (NASDAQ:TFIN) Sets New 1-Year Low – Here’s What Happened

Triumph Financial, Inc. (NASDAQ:TFIN)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $60.42 and last traded at $60.59, with a volume of 75186 shares traded. The stock had previously closed at $62.40.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TFIN. DA Davidson dropped their price target on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and dropped their target price for the company from $80.00 to $74.00 in a report on Thursday, February 27th. Finally, Stephens reiterated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.00.

Triumph Financial Trading Down 4.3 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average of $78.43 and a two-hundred day moving average of $85.71. The company has a market cap of $1.40 billion, a P/E ratio of 110.58 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, equities research analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Precision Wealth Strategies LLC increased its position in shares of Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after acquiring an additional 141 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Triumph Financial by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company’s stock worth $325,000 after purchasing an additional 147 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Triumph Financial by 43.4% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Triumph Financial by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company’s stock valued at $1,120,000 after purchasing an additional 252 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after buying an additional 253 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.