Triumph Financial (NYSE:TFIN) Stock Price Up 6.7% – Time to Buy?

Shares of Triumph Financial, Inc. (NYSE:TFIN) rose 6.7% on Tuesday . The stock traded as high as $61.28 and last traded at $61.16. Approximately 106,543 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 240,442 shares. The stock had previously closed at $57.34.

Analyst Ratings Changes

TFIN has been the subject of several recent research reports. Weiss Ratings raised Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen upgraded shares of Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, B. Riley Financial downgraded shares of Triumph Financial from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Monday, January 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.00.

Triumph Financial Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $64.74. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 64.20 and a beta of 1.50.

Triumph Financial (NYSE:TFIN) last released its earnings results on Monday, January 26th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.48. Triumph Financial had a net margin of 4.89% and a return on equity of 3.49%. The firm had revenue of $105.19 million during the quarter, compared to analyst estimates of $111.21 million.

About Triumph Financial

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.