Triumph Financial (NYSE:TFIN) Price Target Raised to $88.00

Triumph Financial (NYSE:TFIN) had its price objective increased by Keefe, Bruyette & Woods from $78.00 to $88.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about 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. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $79.50.

Triumph Financial Stock Down 3.8%

Shares of NYSE:TFIN opened at $76.89 on Thursday. The business has a 50-day moving average price of $73.92 and a 200 day moving average price of $66.95. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 51.95 and a beta of 1.39. Triumph Financial has a 12-month low of $46.43 and a 12-month high of $83.52.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share (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 firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Sell-side analysts expect that Triumph Financial will post 1.85 EPS for the current year.

Insider Activity

In other Triumph Financial news, 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 value 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 $1,229,547.80. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AltraVue Capital LLC grew its holdings in shares of Triumph Financial by 22.0% in 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 in the last quarter. Ranger Investment Management L.P. boosted its position in Triumph Financial by 48.5% in the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock valued at $31,217,000 after buying an additional 170,871 shares during the period. Jacobs Asset Management LLC grew its stake in shares of Triumph Financial by 922.0% in the first 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 in the last quarter. Investment Management Associates Inc. ADV grew its stake in shares of Triumph Financial by 34.2% in the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after acquiring an additional 86,761 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake 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 worth $5,859,000 after acquiring an additional 86,454 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

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.