Triumph Financial (NYSE:TFIN) Issues Earnings Results

Triumph Financial (NYSE:TFIN) released its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44, FiscalAI reports. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%.

Triumph Financial Trading Up 1.6%

Shares of NYSE:TFIN traded up $1.24 on Tuesday, hitting $79.09. The company had a trading volume of 262,237 shares, compared to its average volume of 261,339. The firm’s 50-day simple moving average is $72.66 and its two-hundred day simple moving average is $66.52. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 66.46 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $81.00.

Wall Street Analysts Forecast Growth

TFIN has been the topic of several recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research note on Wednesday, April 22nd. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.75.

Insider Activity

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of Triumph Financial stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in Triumph Financial by 1.8% in the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after purchasing an additional 23,678 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Triumph Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $33,368,000 after buying an additional 4,747 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 466,649 shares of the company’s stock valued at $23,351,000 after buying an additional 7,540 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Triumph Financial by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,427 shares of the company’s stock valued at $18,127,000 after buying an additional 25,427 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Triumph Financial by 17.0% in the 4th quarter. Marshall Wace LLP now owns 245,460 shares of the company’s stock worth $15,373,000 after buying an additional 35,626 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

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.