Triumph Financial (NYSE:TFIN) CEO Aaron Graft Sells 14,848 Shares of Stock

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 14,848 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $62.81, for a total transaction of $932,602.88. Following the transaction, the chief executive officer owned 150,678 shares in the company, valued at $9,464,085.18. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Triumph Financial Stock Up 2.8%

Shares of TFIN stock opened at $62.97 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50-day moving average is $63.50 and its 200-day moving average is $67.09. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 32.78 and a beta of 1.47. Triumph Financial, Inc. has a 52-week low of $49.27 and a 52-week high of $83.52.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Wednesday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. The firm had revenue of $125.67 million during the quarter, compared to analyst estimates of $123.11 million. Sell-side analysts predict that Triumph Financial, Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TFIN. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. DA Davidson boosted their target price on Triumph Financial from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. B. Riley Financial upgraded Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Friday, October 2nd. Stephens raised their price target on Triumph Financial from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. Finally, Raymond James Financial reduced their price objective on shares of Triumph Financial from $89.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.80.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP bought a new position in shares of Triumph Financial during the third quarter worth approximately $1,633,000. Maryland State Retirement & Pension System lifted its holdings in Triumph Financial by 53.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 5,055 shares of the company’s stock worth $303,000 after purchasing an additional 1,767 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Triumph Financial by 7.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,555 shares of the company’s stock worth $753,000 after purchasing an additional 871 shares during the last quarter. StoneX Group Inc. acquired a new stake in Triumph Financial during the 3rd quarter worth approximately $237,000. Finally, CenterBook Partners LP bought a new stake in Triumph Financial in the 3rd quarter valued at $257,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Financial

Triumph Financial, Inc is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank.

TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.