Triumph Financial (NYSE:TFIN) Hits New 12-Month High – Here’s Why

Shares of Triumph Financial, Inc. (NYSE:TFIN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.90 and last traded at $76.4830, with a volume of 46343 shares trading hands. The stock had previously closed at $75.63.

Analyst Upgrades and Downgrades

TFIN has been the subject of several recent research reports. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $64.75.

Triumph Financial Stock Up 1.1%

The firm’s fifty day moving average is $68.48 and its two-hundred day moving average is $64.63. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 64.12 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, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $105.80 million for 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%. On average, sell-side analysts expect that Triumph Financial, Inc. will post 1.72 EPS for the current fiscal year.

Insider Activity at Triumph Financial

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction 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 approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the purchase, the insider owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently bought and sold shares of TFIN. Vanguard Group Inc. lifted its holdings in Triumph Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock valued at $127,202,000 after acquiring an additional 14,355 shares during the last quarter. AltraVue Capital LLC lifted its stake in 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 purchasing an additional 273,718 shares during the last quarter. State Street Corp lifted its stake in Triumph Financial by 1.8% during the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after purchasing an additional 23,678 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Triumph Financial by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock worth $49,641,000 after buying an additional 3,530 shares during the last quarter. 91.11% of the stock is currently owned by 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.