Insider Selling: Triumph Financial (NASDAQ:TFIN) EVP Sells 3,000 Shares of Stock

Triumph Financial, Inc. (NASDAQ:TFIN) EVP Adam Nelson sold 3,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the transaction, the executive vice president owned 24,832 shares of the company’s stock, valued at $1,618,549.76. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN traded down $1.13 during midday trading on Friday, reaching $62.21. 651,410 shares of the company’s stock were exchanged, compared to its average volume of 231,017. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50 day simple moving average is $55.88 and its two-hundred day simple moving average is $57.15. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $93.74. The firm has a market capitalization of $1.48 billion, a PE ratio of 141.39 and a beta of 1.50.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds have recently added to or reduced their stakes in TFIN. Kayne Anderson Rudnick Investment Management LLC increased its position in Triumph Financial by 12.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock worth $172,921,000 after purchasing an additional 330,165 shares during the period. State Street Corp boosted its stake in shares of Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after purchasing an additional 23,678 shares during the last quarter. AltraVue Capital LLC grew its position in shares of Triumph Financial by 0.8% during the 3rd quarter. AltraVue Capital LLC now owns 1,242,159 shares of the company’s stock worth $62,158,000 after buying an additional 10,450 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Triumph Financial by 2.7% in the second quarter. Geode Capital Management LLC now owns 544,497 shares of the company’s stock valued at $30,011,000 after buying an additional 14,201 shares during the period. Institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TFIN shares. B. Riley upgraded Triumph Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $70.00 in a research note on Monday, October 20th. Stephens upped their price target on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Finally, DA Davidson restated a “neutral” rating and set a $63.00 price target on shares of Triumph Financial in a research report on Thursday, October 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and an average price target of $62.00.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.