Triumph Financial (NASDAQ:TFIN) Shares Gap Down – Should You Sell?

Shares of Triumph Financial, Inc. (NASDAQ:TFIN) gapped down before the market opened on Monday . The stock had previously closed at $69.20, but opened at $67.00. Triumph Financial shares last traded at $67.5310, with a volume of 14,363 shares changing hands.

Wall Street Analysts Forecast Growth

TFIN has been the topic of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $63.00 price objective on shares of Triumph Financial in a report on Thursday, October 16th. B. Riley reissued a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a report on Monday. Finally, Stephens increased their price objective on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and an average target price of $62.00.

Triumph Financial Price Performance

The stock has a market cap of $1.60 billion, a PE ratio of 152.70 and a beta of 1.48. The stock’s fifty day moving average is $59.11 and its 200-day moving average is $57.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the transaction, the executive vice president directly owned 24,832 shares in the company, valued at approximately $1,618,549.76. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.58% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Large investors have recently modified their holdings of the business. State Street Corp lifted its position in Triumph Financial by 1.8% in the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after buying an additional 23,678 shares during the last quarter. AltraVue Capital LLC lifted its holdings in shares of Triumph Financial by 0.8% in the 3rd quarter. AltraVue Capital LLC now owns 1,242,159 shares of the company’s stock worth $62,158,000 after acquiring an additional 10,450 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Triumph Financial by 4.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after purchasing an additional 35,905 shares during the period. Geode Capital Management LLC increased its holdings in Triumph Financial by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 544,497 shares of the company’s stock valued at $30,011,000 after purchasing an additional 14,201 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Triumph Financial by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 466,649 shares of the company’s stock valued at $23,351,000 after purchasing an additional 7,540 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.