Triumph Financial’s (TFIN) “Neutral” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of Triumph Financial (NASDAQ:TFIN) in a research report released on Thursday,Benzinga reports. They currently have a $60.00 price target on the stock.

Several other equities research analysts have also recently commented on the company. Stephens increased their price objective on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods raised their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, B. Riley reissued a “neutral” rating and set a $70.00 price objective on shares of Triumph Financial in a report on Monday, January 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average price target of $64.75.

Triumph Financial Stock Performance

Shares of TFIN opened at $65.02 on Thursday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 147.78 and a beta of 1.48. The business’s fifty day simple moving average is $63.39 and its two-hundred day simple moving average is $58.63. Triumph Financial has a 12 month low of $42.90 and a 12 month high of $79.07. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

Insider Activity at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. This represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.58% of the stock is owned by company insiders.

Institutional Trading of Triumph Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Triumph Financial by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock worth $127,202,000 after purchasing an additional 14,355 shares during the period. State Street Corp boosted its stake in shares of Triumph Financial by 1.8% during the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after purchasing an additional 23,678 shares during the period. AltraVue Capital LLC raised its holdings in shares of Triumph Financial by 0.8% in the third quarter. AltraVue Capital LLC now owns 1,242,159 shares of the company’s stock worth $62,158,000 after buying an additional 10,450 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Triumph Financial by 4.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock valued at $43,475,000 after buying an additional 35,905 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Triumph Financial by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 544,497 shares of the company’s stock worth $30,011,000 after buying an additional 14,201 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.