Triumph Financial (NYSE:TFIN) Shares Gap Down Following Analyst Downgrade

Triumph Financial, Inc. (NYSE:TFIN)’s stock price gapped down before the market opened on Monday after B. Riley downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $69.20, but opened at $67.00. B. Riley now has a $70.00 price target on the stock. Triumph Financial shares last traded at $67.39, with a volume of 14,432 shares.

Several other brokerages have also commented on TFIN. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d)” rating on shares of Triumph Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Triumph Financial has an average rating of “Reduce” and a consensus target price of $70.00.

Triumph Financial Stock Up 3.7%

The company has a market capitalization of $1.64 billion, a PE ratio of 130.88 and a beta of 1.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.