Triumph Financial (NASDAQ:TFIN) Given New $70.00 Price Target at Keefe, Bruyette & Woods

Triumph Financial (NASDAQ:TFIN) had its target price boosted by Keefe, Bruyette & Woods from $66.00 to $70.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on the stock. Stephens boosted their target price on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. B. Riley reissued a “neutral” rating and set a $70.00 price objective on shares of Triumph Financial in a research note on Monday, January 12th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price objective on shares of Triumph Financial in a research note on Thursday, October 16th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $65.50.

Triumph Financial Trading Down 3.2%

Shares of TFIN opened at $63.36 on Wednesday. The stock has a market capitalization of $1.51 billion, a PE ratio of 144.00 and a beta of 1.48. The company’s fifty day moving average is $63.10 and its 200 day moving average is $58.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. Triumph Financial has a fifty-two week low of $42.90 and a fifty-two week high of $79.55.

Insider Transactions at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the transaction, the executive vice president owned 24,832 shares in the company, valued at $1,618,549.76. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Financial

A number of large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Triumph Financial by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company’s stock worth $8,158,000 after acquiring an additional 7,635 shares in the last quarter. Peregrine Capital Management LLC raised its stake in shares of Triumph Financial by 16.5% during the third quarter. Peregrine Capital Management LLC now owns 183,268 shares of the company’s stock valued at $9,171,000 after acquiring an additional 25,963 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Triumph Financial by 26.4% in the second quarter. US Bancorp DE now owns 12,939 shares of the company’s stock valued at $713,000 after purchasing an additional 2,704 shares during the period. New York State Common Retirement Fund grew its stake in Triumph Financial by 42.0% in the second quarter. New York State Common Retirement Fund now owns 106,511 shares of the company’s stock worth $5,870,000 after purchasing an additional 31,490 shares in the last quarter. Finally, Sippican Capital Advisors increased its holdings in Triumph Financial by 33.2% during the 2nd 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 during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Company Profile

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.