Insider Selling: Triumph Financial (NYSE:TFIN) EVP Sells 2,900 Shares of Stock

Triumph Financial, Inc. (NYSE:TFINGet Free Report) EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. 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.

Triumph Financial Trading Up 3.4%

Triumph Financial stock traded up $2.28 during mid-day trading on Tuesday, hitting $69.05. The company had a trading volume of 227,575 shares, compared to its average volume of 253,847. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The business has a 50 day simple moving average of $62.54. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84. The company has a market capitalization of $1.64 billion, a P/E ratio of 58.03 and a beta of 1.40.

Triumph Financial (NYSE:TFINGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Equities research analysts anticipate that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TFIN. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods upped their price objective on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $64.75.

View Our Latest Research Report on TFIN

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently modified their holdings of TFIN. Royal Bank of Canada increased its holdings in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after purchasing an additional 11,694 shares during the period. AQR Capital Management LLC increased its holdings in Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after purchasing an additional 564 shares during the period. Norges Bank purchased a new position in Triumph Financial during the 2nd quarter worth $304,000. Finally, First Trust Advisors LP increased its holdings in Triumph Financial by 59.8% during the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after purchasing an additional 9,052 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Financial

(Get Free Report)

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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