Triumph Financial (NASDAQ:TFIN) Hits New 52-Week Low - Here's Why

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $66.41 and last traded at $66.28, with a volume of 92256 shares changing hands. The stock had previously closed at $68.85.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TFIN shares. Keefe, Bruyette & Woods raised Triumph Financial from an "underperform" rating to a "market perform" rating and dropped their price objective for the stock from $80.00 to $74.00 in a research note on Thursday, February 27th. DA Davidson dropped their price target on 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, Stephens reiterated an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a research 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $79.00.

Triumph Financial Stock Down 0.9 %

The business has a 50-day moving average of $79.00 and a 200 day moving average of $85.83. The company has a market capitalization of $1.46 billion, a PE ratio of 115.56 and a beta of 1.22. 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 issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share (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%. Equities research analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

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Hedge Funds Weigh In On Triumph Financial

Several institutional investors have recently bought and sold shares of TFIN. BNP Paribas Financial Markets raised its position in shares of Triumph Financial by 77.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company's stock valued at $1,199,000 after buying an additional 6,601 shares in the last quarter. JPMorgan Chase & Co. raised its position in Triumph Financial by 2.9% during the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock valued at $1,530,000 after purchasing an additional 536 shares during the period. Quantbot Technologies LP bought a new stake in shares of Triumph Financial in the 3rd quarter valued at approximately $49,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Triumph Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company's stock valued at $15,553,000 after purchasing an additional 7,021 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Triumph Financial by 88.8% in the 3rd quarter. Barclays PLC now owns 51,325 shares of the company's stock worth $4,082,000 after purchasing an additional 24,144 shares during the period. 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.