Triumph Financial, Inc. (NYSE:TFIN – Get Free Report) CEO Aaron Graft sold 652 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $62.01, for a total transaction of $40,430.52. Following the sale, the chief executive officer directly owned 165,526 shares of the company’s stock, valued at approximately $10,264,267.26. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Triumph Financial Price Performance
Shares of TFIN stock opened at $61.59 on Wednesday. The firm’s 50 day moving average price is $63.30 and its two-hundred day moving average price is $67.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02. Triumph Financial, Inc. has a 52-week low of $49.27 and a 52-week high of $83.52. The stock has a market cap of $1.47 billion, a PE ratio of 31.85 and a beta of 1.47.
Triumph Financial (NYSE:TFIN – Get Free Report) last issued its earnings results on Wednesday, October 21st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The business had revenue of $125.67 million for the quarter, compared to the consensus estimate of $123.11 million. Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. As a group, analysts forecast that Triumph Financial, Inc. will post 1.97 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TFIN shares. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Wednesday, November 4th. Stephens lifted their price target on shares of Triumph Financial from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. Finally, B. Riley Financial upgraded shares of Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.80.
Read Our Latest Stock Report on TFIN
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Triumph Financial by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 718 shares of the company’s stock valued at $43,000 after buying an additional 175 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Triumph Financial by 121.9% in the 3rd quarter. Sterling Capital Management LLC now owns 608 shares of the company’s stock valued at $36,000 after buying an additional 334 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Triumph Financial by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock worth $675,000 after buying an additional 397 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Triumph Financial in the second quarter valued at $40,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Triumph Financial in the second quarter valued at $43,000. Institutional investors and hedge funds own 91.11% of the company’s stock.
About Triumph Financial
Triumph Financial, Inc. is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank. TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.
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