Triumph Financial (NYSE:TFIN) Trading Down 4.8% – Time to Sell?

Shares of Triumph Financial, Inc. (NYSE:TFIN) fell 4.8% on Wednesday . The company traded as low as $63.80 and last traded at $63.9250. 113,267 shares changed hands during trading, a decline of 53% from the average session volume of 239,951 shares. The stock had previously closed at $67.12.

Analyst Ratings Changes

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

Triumph Financial Price Performance

The business’s 50-day moving average is $59.96. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 56.31 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. On average, research analysts expect that Triumph Financial, Inc. will post 1.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AltraVue Capital LLC grew its holdings in Triumph Financial by 22.0% during the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after acquiring an additional 273,718 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Triumph Financial by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after buying an additional 206,010 shares during the last quarter. Investment Management Associates Inc. ADV raised its holdings in Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock valued at $21,304,000 after acquiring an additional 86,761 shares during the last quarter. SG Americas Securities LLC lifted its position in Triumph Financial by 1,217.8% during the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after buying an additional 86,454 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Triumph Financial by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after acquiring an additional 77,390 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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.