Triumph Financial (NASDAQ:TFIN) Shares Gap Down After Earnings Miss

Triumph Financial, Inc. (NASDAQ:TFIN) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $91.97, but opened at $88.70. Triumph Financial shares last traded at $82.55, with a volume of 35,274 shares traded.

The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TFIN. Envestnet Asset Management Inc. lifted its position in Triumph Financial by 108.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after acquiring an additional 77,546 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Triumph Financial by 96.7% in the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock valued at $7,355,000 after purchasing an additional 44,233 shares in the last quarter. Barclays PLC boosted its position in shares of Triumph Financial by 88.8% during the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after buying an additional 24,144 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Triumph Financial by 1.2% during the third quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company’s stock worth $91,975,000 after buying an additional 13,510 shares in the last quarter. Finally, Mendon Capital Advisors Corp acquired a new stake in Triumph Financial in the 2nd quarter valued at approximately $1,022,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $96.15 and a 200 day simple moving average of $88.68. The stock has a market cap of $1.94 billion, a P/E ratio of 106.66 and a beta of 1.24.

About Triumph Financial

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.