Triumph Financial, Inc. (NYSE:TFIN) Receives $64.75 Average PT from Brokerages

Shares of Triumph Financial, Inc. (NYSE:TFIN) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $64.75.

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. DA Davidson restated a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th.

Insider Buying and Selling

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial 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 transaction, the executive vice president directly owned 18,434 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp boosted its stake in Triumph Financial by 235.5% in the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock worth $2,545,000 after purchasing an additional 28,519 shares during the period. Investment Management Associates Inc. ADV raised its stake 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 purchasing an additional 86,761 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Triumph Financial by 1,217.8% in the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after purchasing an additional 86,454 shares in the last quarter. Empirical Capital Management LLC purchased a new stake in shares of Triumph Financial in the fourth quarter valued at $1,298,000. Finally, UBS Group AG lifted its holdings in shares of Triumph Financial by 13.3% in the fourth quarter. UBS Group AG now owns 102,530 shares of the company’s stock valued at $6,421,000 after purchasing an additional 12,005 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Trading Down 0.3%

NYSE:TFIN opened at $80.35 on Wednesday. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $80.63. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 67.52 and a beta of 1.39. The business has a fifty day moving average of $72.40 and a 200-day moving average of $66.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Equities analysts predict that Triumph Financial will post 1.88 earnings per share for the current year.

About Triumph Financial

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.