Triumph Financial (NASDAQ:TFIN) Reaches New 1-Year High – Still a Buy?

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) hit a new 52-week high during trading on Wednesday . The company traded as high as $99.35 and last traded at $99.35, with a volume of 2205 shares trading hands. The stock had previously closed at $89.30.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. B. Riley reaffirmed a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Piper Sandler lifted their price objective on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. Finally, DA Davidson lifted their target price on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $71.60.

Triumph Financial Stock Performance

The stock has a market cap of $2.23 billion, a P/E ratio of 122.27 and a beta of 1.18. The company has a fifty day moving average price of $82.57 and a 200 day moving average price of $80.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities analysts expect that Triumph Financial, Inc. will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Triumph Financial by 112.4% during the first quarter. Commonwealth Equity Services LLC now owns 7,779 shares of the company’s stock worth $617,000 after buying an additional 4,116 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Triumph Financial by 77.8% during the first quarter. BNP Paribas Financial Markets now owns 11,028 shares of the company’s stock worth $875,000 after buying an additional 4,825 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Triumph Financial during the first quarter worth $988,000. Texas Permanent School Fund Corp grew its holdings in Triumph Financial by 0.8% during the first quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after buying an additional 153 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Triumph Financial by 3.5% in the first quarter. Illinois Municipal Retirement Fund now owns 12,392 shares of the company’s stock worth $983,000 after purchasing an additional 422 shares during the last quarter. 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.