Triumph Financial (NASDAQ:TFIN) Shares Gap Down – What’s Next?

Triumph Financial, Inc. (NASDAQ:TFIN) shares gapped down before the market opened on Monday . The stock had previously closed at $69.20, but opened at $67.00. Triumph Financial shares last traded at $67.5310, with a volume of 14,363 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on TFIN. B. Riley reiterated a “neutral” rating and issued a $70.00 target price on shares of Triumph Financial in a research note on Monday. DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Triumph Financial in a research note on Thursday, October 16th. Finally, Stephens lifted their price objective on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial currently has an average rating of “Hold” and an average target price of $62.00.

Triumph Financial Stock Performance

The firm’s 50 day moving average is $59.11 and its 200 day moving average is $57.97. 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 stock has a market cap of $1.60 billion, a P/E ratio of 152.70 and a beta of 1.48.

Insider Buying and Selling at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the transaction, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. The trade was a 10.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after purchasing an additional 11,694 shares during the last quarter. AQR Capital Management LLC boosted its position in Triumph Financial by 45.2% in the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after buying an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triumph Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after buying an additional 564 shares during the period. Central Pacific Bank Trust Division raised its position in Triumph Financial by 26.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 5,605 shares of the company’s stock worth $309,000 after buying an additional 1,187 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Triumph Financial by 8.6% during the second quarter. State of Alaska Department of Revenue now owns 13,221 shares of the company’s stock valued at $728,000 after purchasing an additional 1,048 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.