Triumph Financial (NASDAQ:TFIN) Shares Gap Down Following Weak Earnings

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s stock price gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $91.97, but opened at $88.70. Triumph Financial shares last traded at $82.55, with a volume of 35,274 shares traded.

The company reported $0.13 earnings per share 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%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TFIN. DA Davidson boosted their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $80.00 price objective (down previously from $85.00) on shares of Triumph Financial in a research note on Friday. B. Riley reaffirmed a "neutral" rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Finally, Stephens reaffirmed an "equal weight" rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $80.60.

Insider Activity at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now owns 151,533 shares in the company, valued at approximately $16,117,049.88. The trade was a 8.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.15% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Triumph Financial by 122.7% during the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company's stock worth $38,000 after purchasing an additional 259 shares during the period. Quantbot Technologies LP purchased a new stake in Triumph Financial during the 3rd quarter worth about $49,000. KBC Group NV increased its holdings in Triumph Financial by 46.4% during the 3rd quarter. KBC Group NV now owns 798 shares of the company's stock worth $63,000 after purchasing an additional 253 shares during the period. Mechanics Bank Trust Department purchased a new stake in Triumph Financial during the 4th quarter worth about $202,000. Finally, Cottonwood Capital Advisors LLC purchased a new stake in Triumph Financial during the 4th quarter worth about $215,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Trading Down 0.4 %

The company has a fifty day simple moving average of $95.71 and a two-hundred day simple moving average of $88.61. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.84 billion, a PE ratio of 145.48 and a beta of 1.24.

About Triumph Financial

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.