The company reported $0.19 EPS for the quarter, surpassing the $0.17 expectation by $0.02. Revenue was $125.57 million, above the $106.29 million forecast. Triumph Financial had a 3.57% return on equity and a 6.05% net margin. Last year, earnings per share were $0.51.
Analyst Opinions
Triumph Financial (TFIN) is getting mixed reviews from analysts. On October 2, B. Riley maintained a “neutral” rating with a target price of $65. Piper Sandler raised their target from $60 to $65 but rated it “underweight.” Stephens kept an “equal weight” rating with a target of $74. DA Davidson increased their target from $74 to $84, also giving a “neutral” rating. Finally, Keefe, Bruyette & Woods downgraded TFIN from “market perform” to “underperform,” with a target of $70. Currently, two analysts recommend selling, three suggest holding, leading to a consensus “Hold” rating with a price target of $71.60.
Read Our Latest Stock Report on Triumph Financial
Insider Activity
COO Edward Joseph Schreyer sold 6,128 shares on August 6 for about $498,880, leaving him with 39,698 shares valued at around $3.23 million. This sale represented no change in his overall ownership. Insiders hold 6.15% of the company’s stock.
Institutional Investors
Institutional investors have adjusted their holdings. Kayne Anderson Rudnick raised its stake by 258.3%, owning 2.63 million shares valued at $215 million. Thrivent Financial increased its position by 7.5%, now holding 1.14 million shares worth $93.4 million. Envestnet boosted its stake by 108.3%, while American Century increased by 12.6%. Sei Investments grew its position by 96.7%. Overall, institutional investors own 91.11% of Triumph Financial.
Stock Overview
Triumph Financial has a market cap of $2.09 billion, a P/E ratio of 81.33, and a beta of 1.20. Their quick and current ratios stand at 0.99, with a debt-to-equity ratio of 0.05. The 50-day average price is $80.88, while the 200-day average is $79.02.
Company Profile
Triumph Financial, Inc. is a financial holding company offering banking and payment services in the U.S. Their products include checking and savings accounts, various loans, and factoring services.
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