Triumph Financial (NYSE:TFIN) Announces Earnings Results

Triumph Financial (NYSE:TFIN) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08, Zacks reports. Triumph Financial had a net margin of 6.07% and a return on equity of 4.00%. The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million.

Triumph Financial Price Performance

NYSE:TFIN opened at $62.74 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 52.72 and a beta of 1.43. The company’s 50 day moving average price is $59.88. Triumph Financial has a 1-year low of $46.43 and a 1-year high of $77.84.

Hedge Funds Weigh In On Triumph Financial

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after acquiring an additional 11,694 shares in the last quarter. AQR Capital Management LLC increased its holdings in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after acquiring an additional 1,794 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after acquiring an additional 564 shares in the last quarter. Norges Bank purchased a new stake in Triumph Financial in the 2nd quarter worth $304,000. Finally, First Trust Advisors LP increased its holdings in Triumph Financial by 59.8% in the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after acquiring an additional 9,052 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TFIN. B. Riley Financial reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings raised shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a report on Wednesday. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.75.

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.