Triumph Financial (NASDAQ:TFIN) Rating Reiterated by B. Riley

Triumph Financial (NASDAQ:TFIN)‘s stock had its “neutral” rating restated by investment analysts at B. Riley in a research note issued on Wednesday, Benzinga reports. They presently have a $65.00 target price on the stock. B. Riley’s price objective points to a potential downside of 11.92% from the company’s current price.

Several other equities research analysts have also recently weighed in on TFIN. DA Davidson increased their target price on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Stephens restated an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, Piper Sandler raised their target price on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.60.

Triumph Financial Stock Performance

TFIN opened at $73.80 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 stock’s 50 day moving average price is $82.23 and its two-hundred day moving average price is $78.85. The firm has a market capitalization of $1.72 billion, a P/E ratio of 56.34 and a beta of 1.20. Triumph Financial has a 12-month low of $56.91 and a 12-month high of $95.46.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million for the quarter, compared to the consensus estimate of $103.43 million. During the same period last year, the firm posted $0.29 EPS. On average, equities analysts forecast that Triumph Financial will post 0.87 earnings per share for the current year.

Insider Activity

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the completion of the transaction, the chief operating officer now owns 39,698 shares in the company, valued at approximately $3,231,814.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the sale, the chief operating officer now owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the transaction, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The disclosure for this sale can be found here. Corporate insiders own 6.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after buying an additional 29,858 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Triumph Financial during the second quarter valued at approximately $720,000. Bares Capital Management Inc. increased its holdings in shares of Triumph Financial by 10.7% in the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after purchasing an additional 24,847 shares in the last quarter. Sei Investments Co. raised its position in Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after purchasing an additional 20,026 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Triumph Financial during the 1st quarter worth $988,000. 91.11% of the stock is owned by institutional investors and hedge funds.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.