Keefe, Bruyette & Woods Issues Pessimistic Forecast for Triumph Financial (NASDAQ:TFIN) Stock Price

Triumph Financial (NASDAQ:TFIN) had its target price lowered by stock analysts at Keefe, Bruyette & Woods from $68.00 to $56.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 26.15% from the stock’s current price.

A number of other equities research analysts also recently weighed in on TFIN. DA Davidson dropped their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Stephens restated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $75.40.

Triumph Financial Price Performance

Shares of NASDAQ TFIN traded down $4.23 during mid-day trading on Monday, hitting $44.39. 156,428 shares of the company’s stock traded hands, compared to its average volume of 163,005. The company’s 50-day moving average is $60.66 and its two-hundred day moving average is $80.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial has a 1 year low of $42.90 and a 1 year high of $110.58. The company has a market capitalization of $1.04 billion, a P/E ratio of 82.21 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, equities analysts anticipate that Triumph Financial will post 1.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company’s stock valued at $1,530,000 after buying an additional 536 shares in the last quarter. US Bancorp DE grew its position in shares of Triumph Financial by 2.5% in the 4th quarter. US Bancorp DE now owns 13,425 shares of the company’s stock valued at $1,220,000 after buying an additional 322 shares during the last quarter. Barclays PLC raised its holdings in shares of Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock valued at $4,082,000 after buying an additional 24,144 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Triumph Financial in the fourth quarter valued at approximately $445,000. Finally, Swiss National Bank raised its position in shares of Triumph Financial by 0.9% during the 4th quarter. Swiss National Bank now owns 43,700 shares of the company’s stock worth $3,971,000 after purchasing an additional 400 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.