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

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $58.11 and last traded at $58.32, with a volume of 53944 shares. The stock had previously closed at $61.28.

Analyst Ratings Changes

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

Triumph Financial Stock Down 0.5 %

The company's 50 day moving average is $69.55 and its 200 day moving average is $83.37. The company has a market cap of $1.35 billion, a PE ratio of 106.50 and a beta of 1.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates 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, analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Triumph Financial

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