Triumph Financial (NYSE:TFIN) Insider Buys 7,000 Shares of Stock

Triumph Financial, Inc. (NYSE:TFINGet Free Report) insider Todd Ritterbusch bought 7,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $67.01 per share, with a total value of $469,070.00. Following the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at $1,528,096.04. The trade was a 44.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Triumph Financial Price Performance

Shares of TFIN traded down $1.56 on Monday, hitting $64.97. The company’s stock had a trading volume of 203,022 shares, compared to its average volume of 255,477. The firm has a market capitalization of $1.55 billion, a P/E ratio of 54.59 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $77.84. The business has a 50 day moving average price of $61.05.

Triumph Financial (NYSE:TFINGet Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. On average, equities analysts forecast that Triumph Financial, Inc. will post 1.9 EPS for the current year.

Institutional Trading of Triumph Financial

Institutional investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. grew its holdings in Triumph Financial by 132.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock worth $18,112,000 after acquiring an additional 206,010 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Triumph Financial during the 3rd quarter worth $823,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in 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 acquiring an additional 35,905 shares during the period. M&T Bank Corp grew its holdings in Triumph Financial by 235.5% during the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock worth $2,545,000 after acquiring an additional 28,519 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Triumph Financial by 1,217.8% during the 4th 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 during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Weiss Ratings raised shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. B. Riley Financial reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research note on Monday, January 12th. Finally, Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.75.

Read Our Latest Stock Report on Triumph Financial

Triumph Financial Company Profile

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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.

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