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

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report)'s share price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $49.95, but opened at $48.16. Triumph Financial shares last traded at $45.07, with a volume of 47,408 shares trading hands.

The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The business had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. During the same period in the prior year, the company earned $0.14 earnings per share.

Analyst Ratings Changes

TFIN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Triumph Financial from an "underperform" rating to a "market perform" rating and decreased their price target for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. DA Davidson reduced their target price 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 target on shares of Triumph Financial in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $79.00.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after acquiring an additional 426 shares in the last quarter. Blue Trust Inc. boosted its holdings in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company's stock worth $61,000 after buying an additional 204 shares in the last quarter. GAMMA Investing LLC grew its position in Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares during the period. KBC Group NV increased its holdings in Triumph Financial by 51.9% in the fourth quarter. KBC Group NV now owns 1,212 shares of the company's stock valued at $110,000 after buying an additional 414 shares in the last quarter. Finally, Mechanics Bank Trust Department acquired a new position in shares of Triumph Financial in the fourth quarter worth about $202,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $1.14 billion, a PE ratio of 90.04 and a beta of 1.18. The firm's 50 day moving average price is $60.66 and its 200-day moving average price is $80.14.

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.