Triumph Financial (NYSE:TFIN) Price Target Raised to $88.00 at Keefe, Bruyette & Woods

Triumph Financial (NYSE:TFIN) had its target price hoisted by Keefe, Bruyette & Woods from $78.00 to $88.00 in a research report report published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, DA Davidson reissued a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.50.

Triumph Financial Trading Down 1.7%

Shares of TFIN opened at $79.73 on Thursday. The stock has a market capitalization of $1.90 billion, a PE ratio of 53.87 and a beta of 1.39. The company’s fifty day moving average is $73.61 and its 200 day moving average is $66.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.01. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $83.52.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The business had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. Sell-side analysts expect that Triumph Financial will post 1.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Institutional Trading of Triumph Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AltraVue Capital LLC grew its stake in shares of Triumph Financial by 22.0% during the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after buying an additional 273,718 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in shares of Triumph Financial by 48.5% during the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after acquiring an additional 170,871 shares during the last quarter. Jacobs Asset Management LLC lifted its stake in shares of Triumph Financial by 922.0% during the 1st quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock worth $7,010,000 after acquiring an additional 106,003 shares during the last quarter. Investment Management Associates Inc. ADV boosted its holdings in Triumph Financial by 34.2% during the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock valued at $21,304,000 after acquiring an additional 86,761 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Triumph Financial by 1,217.8% during the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after acquiring an additional 86,454 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.