Triumph Financial (NASDAQ:TFIN) Sets New 12-Month High – Here’s Why

Triumph Financial, Inc. (NASDAQ:TFIN) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $105.08 and last traded at $105.08, with a volume of 25634 shares. The stock had previously closed at $102.19.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. DA Davidson raised their price target on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $86.70 and a 200-day moving average of $82.48. The company has a market cap of $2.45 billion, a P/E ratio of 130.48 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million during the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TFIN. Arizona State Retirement System boosted its holdings in shares of Triumph Financial by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after acquiring an additional 124 shares during the last quarter. Callan Family Office LLC increased its position in shares of Triumph Financial by 1.1% during the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after purchasing an additional 126 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Triumph Financial by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after purchasing an additional 200 shares during the last quarter. Kings Path Partners LLC boosted its holdings in Triumph Financial by 2.4% during the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after acquiring an additional 216 shares during the period. Finally, KBC Group NV increased its stake in shares of Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after buying an additional 253 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, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.