Stephens Boosts Triumph Financial (NASDAQ:TFIN) Price Target to $59.00

Triumph Financial (NASDAQ:TFIN) had its target price upped by analysts at Stephens from $53.00 to $59.00 in a note issued to investors on Friday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ price objective would suggest a potential upside of 11.80% from the stock’s current price.

Separately, DA Davidson reissued a “neutral” rating and issued a $63.00 price target on shares of Triumph Financial in a report on Thursday. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $58.25.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $52.78 on Friday. Triumph Financial has a twelve month low of $42.90 and a twelve month high of $110.58. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 119.95 and a beta of 1.31. The firm has a 50-day moving average of $55.22 and a two-hundred day moving average of $56.45.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The company had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. As a group, analysts expect that Triumph Financial will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer directly owned 144,558 shares of the company’s stock, valued at approximately $8,699,500.44. This represents a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adam D. Nelson sold 3,500 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company’s stock, valued at $1,680,774.48. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Triumph Financial

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Sippican Capital Advisors lifted its position in shares of Triumph Financial by 33.2% in the second quarter. Sippican Capital Advisors now owns 56,081 shares of the company’s stock worth $3,091,000 after purchasing an additional 13,970 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Triumph Financial in the first quarter worth approximately $332,000. New York State Common Retirement Fund lifted its position in shares of Triumph Financial by 13.1% in the first quarter. New York State Common Retirement Fund now owns 75,021 shares of the company’s stock worth $4,336,000 after purchasing an additional 8,670 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.