Triumph Financial (NASDAQ:TFIN) Reaches New 12-Month Low - Here's Why

Shares of Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $42.90 and last traded at $48.62, with a volume of 1033324 shares trading hands. The stock had previously closed at $49.95.

Wall Street Analyst Weigh In

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

Triumph Financial Price Performance

The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 90.04 and a beta of 1.18. The company's 50 day moving average is $61.22 and its 200 day moving average is $80.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million for the quarter, compared to analysts' expectations of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same period last year, the firm earned $0.14 EPS. Research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Institutional Trading of Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 buying an additional 426 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Triumph Financial by 43.4% during the fourth 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% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company's stock worth $110,000 after acquiring an additional 414 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after acquiring an additional 2,647 shares during the period. Hedge funds and other 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.

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