Triumph Financial (NASDAQ:TFIN) Stock Price Down 6.2% After Analyst Downgrade

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) fell 6.2% on Monday after DA Davidson lowered their price target on the stock from $68.00 to $56.00. DA Davidson currently has a neutral rating on the stock. Triumph Financial traded as low as $47.60 and last traded at $45.59. 17,024 shares changed hands during trading, a decline of 90% from the average session volume of 162,431 shares. The stock had previously closed at $48.62.

A number of other equities research analysts also recently weighed in on TFIN. Keefe, Bruyette & Woods dropped their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday. Stephens reiterated an "equal weight" rating and issued a $109.00 price objective 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 given a hold rating to the company's stock. Based on data from MarketBeat, Triumph Financial currently has a consensus rating of "Hold" and a consensus price target of $68.20.

Insider Buying and Selling

In other news, Director Debra A. Bradford acquired 1,508 shares of the stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the transaction, the director now directly owns 3,348 shares in the company, valued at approximately $165,357.72. This trade represents a 81.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently modified their holdings of TFIN. Barclays PLC boosted its stake in Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after buying an additional 24,144 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Triumph Financial by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock worth $1,530,000 after acquiring an additional 536 shares during the last quarter. Mechanics Bank Trust Department acquired a new position in Triumph Financial in the 4th quarter valued at approximately $202,000. Janney Montgomery Scott LLC raised its stake in shares of Triumph Financial by 27.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,564 shares of the company's stock valued at $324,000 after acquiring an additional 767 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new position in shares of Triumph Financial during the fourth quarter worth $215,000. Institutional investors own 91.11% of the company's stock.

Triumph Financial Trading Up 1.4 %

The company has a market cap of $1.23 billion, a P/E ratio of 97.72 and a beta of 1.18. 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 firm's 50 day moving average is $58.75 and its two-hundred day moving average is $79.40.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.14 EPS. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current year.

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.