Triumph Financial (NYSE:TFIN) Reaches New 1-Year High on Analyst Upgrade

Shares of Triumph Financial, Inc. (NYSE:TFIN) hit a new 52-week high during mid-day trading on Thursday after B. Riley Financial raised their price target on the stock from $70.00 to $82.00. B. Riley Financial currently has a neutral rating on the stock. Triumph Financial traded as high as $83.52 and last traded at $81.2820, with a volume of 615692 shares traded. The stock had previously closed at $79.19.

TFIN has been the topic of several other research reports. DA Davidson reissued a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday. Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, Stephens boosted their price objective on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and an average price target of $79.50.

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 represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the transaction, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Triumph Financial during the fourth quarter valued at about $174,000. Amundi boosted its position in Triumph Financial by 15.3% during the third quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after purchasing an additional 550 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new position in Triumph Financial in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

The business’s 50 day moving average is $73.92 and its two-hundred day moving average is $66.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.01. The firm has a market capitalization of $1.84 billion, a PE ratio of 51.95 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The firm had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. Equities research analysts anticipate that Triumph Financial, Inc. will post 1.88 earnings per share for the current fiscal 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.