Triumph Financial (NYSE:TFIN) Hits New 12-Month High – Should You Buy?

Triumph Financial, Inc. (NYSE:TFINGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.50 and last traded at $77.5160, with a volume of 38997 shares trading hands. The stock had previously closed at $76.31.

Wall Street Analyst Weigh In

TFIN has been the topic of a number of analyst reports. Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Triumph Financial has an average rating of “Hold” and an average target price of $64.75.

Check Out Our Latest Report on Triumph Financial

Triumph Financial Trading Up 3.5%

The company has a market cap of $1.88 billion, a PE ratio of 66.34 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day simple moving average of $69.51 and a two-hundred day simple moving average of $65.08.

Triumph Financial (NYSE:TFINGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Sell-side analysts forecast that Triumph Financial, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were 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 $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 at 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 stock in a transaction dated Friday, May 8th. The shares were bought at an average price 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 in the company, valued at $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 5.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TFIN. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Triumph Financial by 4.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares during the last quarter. M&T Bank Corp raised its stake in shares of Triumph Financial by 235.5% in the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after acquiring an additional 28,519 shares in the last quarter. Investment Management Associates Inc. ADV lifted its holdings in Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after purchasing an additional 86,761 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Triumph Financial by 1,217.8% in the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after purchasing an additional 86,454 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new stake in Triumph Financial during the fourth quarter worth approximately $1,298,000. 91.11% of the stock is owned by institutional investors and hedge funds.

About Triumph Financial

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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.

Further Reading

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