Triumph Financial (NYSE:TFIN) Shares Gap Up on Earnings Beat

Shares of Triumph Financial, Inc. (NYSE:TFIN) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $70.56, but opened at $75.05. Triumph Financial shares last traded at $69.05, with a volume of 33,592 shares changing hands.

The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.48. The firm had revenue of $120.08 million for the quarter, compared to the consensus estimate of $111.21 million. Triumph Financial had a net margin of 2.00% and a return on equity of 1.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TFIN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Triumph Financial in a research report on Monday, December 29th. Wall Street Zen downgraded Triumph Financial from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. Finally, B. Riley downgraded shares of Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $70.00.

Triumph Financial Price Performance

The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 238.80 and a beta of 1.48. The company has a 50-day simple moving average of $63.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

About Triumph Financial

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.