Triumph Financial, Inc. (NYSE:TFIN) Receives $64.75 Average PT from Brokerages

Shares of Triumph Financial, Inc. (NYSE:TFIN) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $64.75.

Several equities research analysts have weighed in on TFIN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its stake in shares of Triumph Financial by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after acquiring an additional 148 shares during the period. Farther Finance Advisors LLC boosted its stake in 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. Tower Research Capital LLC TRC increased its position in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares during the period. Entropy Technologies LP raised its stake in shares of Triumph Financial by 6.2% in the 3rd quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock worth $255,000 after buying an additional 300 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Triumph Financial by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock worth $675,000 after buying an additional 397 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Price Performance

TFIN opened at $80.35 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $72.40 and its 200 day moving average price is $66.40. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $80.63. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 67.52 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. As a group, sell-side analysts expect that Triumph Financial will post 1.88 earnings per share for the current year.

Triumph Financial Company Profile

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.