Triumph Financial (NYSE:TFIN) Hits New 52-Week High – What’s Next?

Triumph Financial, Inc. (NYSE:TFIN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $80.57 and last traded at $79.52, with a volume of 770758 shares trading hands. The stock had previously closed at $78.39.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TFIN shares. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $64.75.

Triumph Financial Trading Up 0.8%

The business’s 50-day moving average price is $72.40 and its 200-day moving average price is $66.40. The firm has a market capitalization of $1.91 billion, a PE ratio of 67.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Triumph Financial (NYSE:TFIN) last released its quarterly 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 firm had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. As a group, analysts expect that Triumph Financial, Inc. will post 1.88 earnings per share for the current fiscal year.

Insider Transactions at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $67.01 per share, with a total value of $469,070.00. Following the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This trade 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 corporate insiders.

Institutional Trading of Triumph Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after acquiring an additional 11,694 shares during the last quarter. AQR Capital Management LLC increased its holdings in Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after acquiring an additional 1,794 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Triumph Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after acquiring an additional 564 shares during the last quarter. Norges Bank purchased a new stake in shares of Triumph Financial in the second quarter valued at about $304,000. Finally, First Trust Advisors LP lifted its holdings in shares of Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock valued at $1,334,000 after purchasing an additional 9,052 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

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.