Triumph Financial, Inc. (NYSE:TFIN) Receives $64.75 Average Price Target from Analysts

Triumph Financial, Inc. (NYSE:TFIN) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $64.75.

TFIN has been the topic of several recent analyst reports. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research report on Wednesday, April 22nd. Finally, Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd.

Triumph Financial Stock Up 1.5%

Shares of NYSE TFIN opened at $71.59 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $63.68. The company has a market cap of $1.70 billion, a P/E ratio of 60.16 and a beta of 1.40. Triumph Financial has a 12 month low of $46.43 and a 12 month high of $77.84.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Sell-side analysts expect that Triumph Financial will post 1.72 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch acquired 7,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The SEC filing for this purchase provides additional information. 5.51% of the stock is currently owned by company insiders.

Institutional Trading of Triumph Financial

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Triumph Financial by 13.1% during the 1st quarter. Bank of America Corp DE now owns 460,088 shares of the company’s stock worth $27,449,000 after purchasing an additional 53,399 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Triumph Financial by 48.8% during the 1st quarter. Royal Bank of Canada now owns 61,529 shares of the company’s stock worth $3,671,000 after purchasing an additional 20,180 shares in the last quarter. Ranger Investment Management L.P. grew its holdings in shares of Triumph Financial by 48.5% during the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after purchasing an additional 170,871 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Triumph Financial by 111.2% during the 1st quarter. Quantinno Capital Management LP now owns 16,181 shares of the company’s stock worth $965,000 after purchasing an additional 8,519 shares in the last quarter. Finally, Jacobs Asset Management LLC grew its holdings in shares of Triumph Financial by 922.0% during the 1st quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock worth $7,010,000 after purchasing an additional 106,003 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.