Triumph Financial (NASDAQ:TFIN – Get Free Report) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat.com reports. They presently have a $72.00 price objective on the stock. DA Davidson’s target price indicates a potential upside of 2.87% from the company’s previous close.
TFIN has been the subject of several other reports. Stephens reissued an “equal weight” rating and set a $68.00 price target on shares of Triumph Financial in a report on Friday, July 21st. B. Riley cut their price target on shares of Triumph Financial from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.14.
Triumph Financial Stock Down 0.5 %
Triumph Financial (NASDAQ:TFIN – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.14. The business had revenue of $104.74 million for the quarter, compared to analyst estimates of $107.58 million. Triumph Financial had a return on equity of 6.09% and a net margin of 10.47%. Research analysts predict that Triumph Financial will post 1.59 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Melissa Forman-Barenblit sold 2,300 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $65.23, for a total value of $150,029.00. Following the completion of the transaction, the executive vice president now directly owns 11,707 shares in the company, valued at $763,647.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Carlos M. Sepulveda purchased 7,400 shares of Triumph Financial stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $148,000.00. Following the transaction, the director now owns 12,798 shares in the company, valued at $255,960. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melissa Forman-Barenblit sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $65.23, for a total transaction of $150,029.00. Following the completion of the sale, the executive vice president now owns 11,707 shares of the company’s stock, valued at approximately $763,647.61. The disclosure for this sale can be found here. 6.46% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB acquired a new position in Triumph Financial in the 2nd quarter valued at approximately $340,000. American International Group Inc. acquired a new position in Triumph Financial in the 2nd quarter valued at approximately $724,000. Tectonic Advisors LLC acquired a new position in shares of Triumph Financial during the 2nd quarter worth $1,262,000. Barclays PLC acquired a new position in shares of Triumph Financial during the 2nd quarter worth $2,757,000. Finally, First Dallas Securities Inc. acquired a new position in shares of Triumph Financial during the 2nd quarter worth $1,483,000. Institutional investors and hedge funds own 85.60% of the company’s stock.
About Triumph Financial
Triumph Financial Inc, a financial holding company, engages in the provision of payments, factoring, and banking services in the United States. It operates through four segments: Banking, Factoring, Payments, and Corporate. The company offers depository products, including checking, savings, money market and certificates of deposit; and loan products comprising commercial real estate loans, land loans, commercial construction and land development loans, residential real estate loans, commercial agriculture loans, and consumer loans, as well as general commercial and industrial loans, loans to purchase capital equipment, asset-based loans, and business loans for working capital and operational purposes.
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