Triumph Financial, Inc. (NYSE:TFIN) Receives Average Recommendation of “Hold” from Analysts

Triumph Financial, Inc. (NYSE:TFIN) has been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $85.00.

A number of research firms have weighed in on TFIN. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Friday, August 7th. Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Stephens upped their price target on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, DA Davidson raised their price target on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th.

Triumph Financial Stock Down 3.9%

TFIN opened at $66.11 on Thursday. The company has a fifty day moving average of $75.45 and a two-hundred day moving average of $68.68. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 44.67 and a beta of 1.37. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $83.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The business had revenue of $120.24 million during the quarter, compared to the consensus estimate of $114.67 million. On average, research analysts expect that Triumph Financial will post 1.93 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Adam Nelson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the sale, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. The trade was a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Schreyer sold 2,900 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total value of $213,875.00. Following the completion of the transaction, the executive vice president directly owned 15,534 shares of the company’s stock, valued at approximately $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

A number of large investors have recently modified their holdings of TFIN. BlackRock Inc. acquired a new stake in Triumph Financial during the second quarter worth $259,022,000. California State Teachers Retirement System lifted its stake in shares of Triumph Financial by 9,071.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,930,414 shares of the company’s stock valued at $147,310,000 after purchasing an additional 1,909,367 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Triumph Financial during the 2nd quarter worth $49,047,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Triumph Financial during the 2nd quarter worth $38,807,000. Finally, Bank of America Corp DE purchased a new position in shares of Triumph Financial during the 2nd quarter worth $38,256,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Company Profile

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.