Zacks Research downgraded shares of Triumph Financial (NYSE:TFIN – Free Report) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.
Other equities analysts have also recently issued reports about the stock. Stephens raised their target price on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. DA Davidson increased their price objective on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Finally, B. Riley Financial boosted their target price on Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.
View Our Latest Analysis on Triumph Financial
Triumph Financial Trading Down 1.6%
Triumph Financial (NYSE:TFIN – Get Free Report) last released 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 analysts’ expectations of $114.67 million. Research analysts anticipate that Triumph Financial will post 1.8 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, 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 filing with the SEC, which is available at the SEC website. 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 dated 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 transaction, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. Farther Finance Advisors LLC increased its stake in Triumph Financial by 46.1% during the fourth 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 stake in shares of Triumph Financial by 9.3% in the 2nd 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 bought a new stake in shares of Triumph Financial in the 4th quarter valued at approximately $174,000. Amundi boosted its holdings in shares of Triumph Financial by 15.3% in the 3rd 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 shares of Triumph Financial in the 4th quarter worth approximately $206,000. 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.
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