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Triumph Bancorp Inc. (NASDAQ: NASDAQ:TFIN) stock has touched a 52-week low, dipping to $66.82 amidst market fluctuations. With a market capitalization of $1.56 billion, the stock’s technical indicators from InvestingPro suggest oversold territory, while trading at a P/E ratio of 122.66. This price level represents a significant retreat from the company’s better-performing days over the past year. Despite the broader economic challenges that have affected the banking sector, Triumph Bancorp has experienced a steep YTD decline of 24.24%. Investors are closely monitoring the stock as it navigates through the current financial landscape, with analyst price targets ranging from $65 to $85. InvestingPro analysis reveals 8 additional key insights about TFIN’s valuation and growth prospects, available exclusively to subscribers.
In other recent news, Triumph Financial reported its fourth-quarter 2024 earnings, which fell short of expectations. The company’s earnings per share (EPS) were $0.13, below the anticipated $0.24, and revenue totaled $103.56 million, missing the forecasted $108.71 million. In a strategic move, Triumph Financial announced its acquisition of Greenscreens.ai for $160 million, which includes $140 million in cash and $20 million in Triumph Financial stock. This acquisition aims to enhance Triumph’s data-driven offerings in the transportation sector, aligning with its strategy to transform data into actionable intelligence.
Analyst Tim Switzer from Keefe, Bruyette & Woods upgraded Triumph Financial’s stock rating to Market Perform, citing the strategic alignment of the Greenscreens.ai acquisition with the company’s goals. However, Switzer also reduced the price target to $74.00, reflecting potential future capital challenges. Meanwhile, DA Davidson analyst Gary P. Tenner lowered Triumph Financial’s price target to $82 from $100, maintaining a Neutral rating due to factors like lower net interest income and moderated fee growth expectations.
Triumph Financial’s management remains focused on achieving significant growth in its transportation-related revenue, targeting over $1 billion. Despite the current challenges, the company is investing in technology innovations, such as AI-driven invoice processing, to enhance operational efficiency. The acquisition of Greenscreens.ai is expected to bolster Triumph’s Intelligence segment, which has seen high demand among freight brokerage clients.
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