Triumph Financial (NASDAQ:TFIN) Price Target Lowered to $56.00 at Keefe, Bruyette & Woods

Triumph Financial (NASDAQ:TFIN - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $68.00 to $56.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other brokerages have also recently issued reports on TFIN. Stephens reissued an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson decreased 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $68.20.

Triumph Financial Stock Performance

Shares of TFIN traded up $0.52 during trading hours on Monday, hitting $52.46. The company's stock had a trading volume of 28,035 shares, compared to its average volume of 166,077. The business has a 50 day simple moving average of $58.75 and a two-hundred day simple moving average of $79.40. Triumph Financial has a 52-week low of $42.90 and a 52-week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 97.10 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business had revenue of $101.57 million during the quarter, compared to analysts' expectations of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities analysts expect that Triumph Financial will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Triumph Financial news, Director Debra A. Bradford acquired 1,508 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, with a total value of $74,480.12. Following the completion of the acquisition, the director now owns 3,348 shares of the company's stock, valued at $165,357.72. This trade represents a 81.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.58% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after buying an additional 289,955 shares in the last quarter. American Century Companies Inc. raised its position in Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after purchasing an additional 198,611 shares in the last quarter. Norges Bank bought a new stake in Triumph Financial during the fourth quarter worth about $6,151,000. Hodges Capital Management Inc. increased its position in shares of Triumph Financial by 42.3% during the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock valued at $13,490,000 after purchasing an additional 44,100 shares during the last quarter. Finally, Curi RMB Capital LLC raised its holdings in shares of Triumph Financial by 133.9% during the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after buying an additional 41,226 shares in the last quarter. 91.11% of the stock is currently owned by 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.