In yesterday’s Wall Street session, Triumph Financial Inc. (NASDAQ:TFIN) shares traded at $53.10, down -1.12% from the previous session.
6 analysts cover Triumph Financial Inc. (NASDAQ:TFIN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $50.00, we find $64.00. Given the previous closing price of $53.70, this indicates a potential upside of 19.18 percent. TFIN stock price is now -0.98% away from the 50-day moving average and -14.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.21B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $61.83 as their price target over the next twelve months.
With the price target reduced from $60 to $50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Triumph Financial Inc. (NASDAQ: TFIN).
Insiders disposed of 25,347 shares of company stock worth roughly $1.35 million over the past 1 year. A total of 3.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TFIN stock. A new stake in Triumph Financial Inc. shares was purchased by FIRST SABREPOINT CAPITAL MANAGEMENT LP during the first quarter worth $6,107,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $2,483,000 in shares of TFIN during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Triumph Financial Inc. valued at approximately $1,922,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in TFIN for approximately $1,900,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in TFIN valued at around $1,887,000 in the second quarter.
On Tuesday morning Triumph Financial Inc. (NASDAQ: TFIN) stock kicked off with the opening price of $53.68. During the past 12 months, Triumph Financial Inc. has had a low of $45.08 and a high of $100.98. The fifty day moving average price for TFIN is $53.62 and a two-hundred day moving average price translates $62.26 for the stock.
The net profit margin was 25.70% and return on equity was 13.00% for TFIN. The company reported revenue of $103.22 million for the quarter, compared to $96.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.71 percent.
