Triumph Financial (NYSE:TFIN) Insider Buys $469,070.00 in Stock

Triumph Financial, Inc. (NYSE:TFIN) insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the purchase, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Triumph Financial Price Performance

Shares of TFIN opened at $64.28 on Thursday. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average price of $61.65. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 54.02 and a beta of 1.40.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. Sell-side analysts anticipate that Triumph Financial, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

TFIN has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Finally, Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Hedge Funds Weigh In On Triumph Financial

Large investors have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock valued at $25,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Farther Finance Advisors LLC grew its position in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Triumph Financial during the 3rd quarter valued at $56,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Triumph Financial by 28.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the period. 91.11% of the stock is currently owned by institutional investors.

About Triumph Financial

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.