Q2 2024 EPS Estimates for Triumph Financial, Inc. Decreased by DA Davidson (NASDAQ:TFIN)

Triumph Financial, Inc. (NASDAQ:TFIN) – Equities researchers at DA Davidson decreased their Q2 2024 earnings per share estimates for Triumph Financial in a report released on Thursday, June 27th. DA Davidson analyst G. Tenner now anticipates that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.27. DA Davidson has a “Neutral” rating and a $68.00 price objective on the stock. The consensus estimate for Triumph Financial’s current full-year earnings is $1.07 per share. DA Davidson also issued estimates for Triumph Financial’s FY2024 earnings at $0.98 EPS and FY2025 earnings at $1.95 EPS.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Wednesday, April 17th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $101.03 million during the quarter, compared to the consensus estimate of $106.01 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%.

Separately, Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $68.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 18th. 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, Triumph Financial has an average rating of “Hold” and a consensus target price of $66.80.

Triumph Financial Stock Up 1.1 %

TFIN stock opened at $81.04 on Monday. Triumph Financial has a twelve month low of $56.91 and a twelve month high of $82.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.89 billion, a PE ratio of 61.86 and a beta of 1.22. The business’s 50-day simple moving average is $74.51 and its 200 day simple moving average is $75.41.

Insider Buying and Selling

In other news, insider Todd Ritterbusch sold 7,854 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $73.84, for a total transaction of $579,939.36. Following the transaction, the insider now owns 10,434 shares of the company’s stock, valued at $770,446.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the completion of the transaction, the director now directly owns 351,484 shares in the company, valued at approximately $24,997,542.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd Ritterbusch sold 7,854 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $73.84, for a total transaction of $579,939.36. Following the completion of the sale, the insider now owns 10,434 shares in the company, valued at $770,446.56. The disclosure for this sale can be found here. Insiders sold 26,854 shares of company stock worth $1,940,069 in the last quarter. Insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Several large investors have recently bought and sold shares of TFIN. Bares Capital Management Inc. increased its position in shares of Triumph Financial by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after buying an additional 24,847 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Triumph Financial by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock valued at $45,613,000 after purchasing an additional 17,380 shares in the last quarter. Legato Capital Management LLC grew its position in shares of Triumph Financial by 60.2% in the 4th quarter. Legato Capital Management LLC now owns 61,944 shares of the company’s stock valued at $4,967,000 after purchasing an additional 23,270 shares during the period. Kennedy Capital Management LLC increased its stake in Triumph Financial by 10.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company’s stock worth $11,966,000 after purchasing an additional 16,753 shares in the last quarter. Finally, Anthracite Investment Company Inc. acquired a new stake in Triumph Financial during the 4th quarter worth approximately $1,190,000. Institutional investors 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.