Triumph Financial, Inc. (NYSE:TFIN) Receives $64.75 Consensus PT from Analysts

Shares of Triumph Financial, Inc. (NYSE:TFINGet Free Report) have been given an average recommendation of “Hold” by the six research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.75.

TFIN has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Wednesday, April 22nd.

Get Our Latest Stock Report on Triumph Financial

Insider Buying and Selling

In other news, insider Todd Ritterbusch purchased 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the transaction, the executive vice president owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This represents a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by insiders.

Institutional Trading of Triumph Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Triumph Financial by 13.1% during the first quarter. Bank of America Corp DE now owns 460,088 shares of the company’s stock worth $27,449,000 after purchasing an additional 53,399 shares in the last quarter. Royal Bank of Canada raised its holdings in Triumph Financial by 48.8% during the first quarter. Royal Bank of Canada now owns 61,529 shares of the company’s stock worth $3,671,000 after purchasing an additional 20,180 shares in the last quarter. Ranger Investment Management L.P. raised its holdings in Triumph Financial by 48.5% during the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after purchasing an additional 170,871 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Triumph Financial by 111.2% during the first quarter. Quantinno Capital Management LP now owns 16,181 shares of the company’s stock worth $965,000 after purchasing an additional 8,519 shares in the last quarter. Finally, Jacobs Asset Management LLC raised its holdings in Triumph Financial by 922.0% during the first quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock worth $7,010,000 after purchasing an additional 106,003 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Trading Up 0.0%

NYSE TFIN opened at $76.79 on Friday. The firm has a 50 day simple moving average of $69.07 and a 200-day simple moving average of $64.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial has a one year low of $46.43 and a one year high of $77.90. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 64.53 and a beta of 1.39.

Triumph Financial (NYSE:TFINGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The business had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. Equities research analysts anticipate that Triumph Financial will post 1.76 EPS for the current fiscal year.

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.

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Analyst Recommendations for Triumph Financial (NYSE:TFIN)

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