Triumph Financial (NASDAQ:TFIN) Sets New 12-Month Low - What's Next?

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $46.81 and last traded at $51.86, with a volume of 147702 shares trading hands. The stock had previously closed at $48.81.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TFIN. DA Davidson cut their price target on shares of Triumph Financial from $100.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Stephens reiterated an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Triumph Financial from an "underperform" rating to a "market perform" rating and lowered their price target for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Triumph Financial has a consensus rating of "Hold" and an average target price of $79.00.

Triumph Financial Price Performance

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 94.21 and a beta of 1.18. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company's fifty day moving average is $63.39 and its two-hundred day moving average is $81.12.

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

Institutional Trading of Triumph Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after purchasing an additional 426 shares during the period. Blue Trust Inc. boosted its position in Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company's stock valued at $61,000 after buying an additional 204 shares during the period. KBC Group NV boosted its position in Triumph Financial by 51.9% in the 4th quarter. KBC Group NV now owns 1,212 shares of the company's stock valued at $110,000 after buying an additional 414 shares during the period. NBC Securities Inc. grew its stake in shares of Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after acquiring an additional 2,647 shares in the last quarter. Finally, Mechanics Bank Trust Department purchased a new stake in shares of Triumph Financial during the fourth quarter worth $202,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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.