Shares of Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $60.42 and last traded at $60.59, with a volume of 75186 shares trading hands. The stock had previously closed at $62.40.
Wall Street Analysts Forecast Growth
TFIN has been the subject of a number of analyst reports. Stephens reissued an "equal weight" rating and set a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. DA Davidson lowered their price objective 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. Finally, Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an "underperform" rating to a "market perform" rating and dropped their price objective for the company from $80.00 to $74.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $79.00.
Get Our Latest Analysis on TFIN
Triumph Financial Price Performance
The stock has a market capitalization of $1.41 billion, a P/E ratio of 111.80 and a beta of 1.22. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The business's 50 day simple moving average is $77.16 and its two-hundred day simple moving average is $85.35.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share 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, sell-side analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Triumph Financial
Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV raised its position in shares of Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company's stock valued at $63,000 after purchasing an additional 253 shares during the period. Curi RMB Capital LLC raised its holdings in Triumph Financial by 3.4% during the 3rd quarter. Curi RMB Capital LLC now owns 30,796 shares of the company's stock valued at $2,450,000 after acquiring an additional 1,027 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Triumph Financial by 1.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company's stock worth $91,975,000 after acquiring an additional 13,510 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Triumph Financial during the third quarter worth $225,000. Finally, Anthracite Investment Company Inc. boosted its holdings in shares of Triumph Financial by 14.9% in the third quarter. Anthracite Investment Company Inc. now owns 30,844 shares of the company's stock worth $2,453,000 after acquiring an additional 4,000 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.
About Triumph Financial
(
Get Free Report)
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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