Keefe, Bruyette & Woods Boosts Triumph Financial (NASDAQ:TFIN) Price Target to $70.00

Triumph Financial (NASDAQ:TFIN) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $66.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.66% from the stock’s current price.

Several other brokerages have also commented on TFIN. Stephens boosted their price target on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. DA Davidson reissued a “neutral” rating and set a $63.00 target price on shares of Triumph Financial in a research note on Thursday, October 16th. Finally, B. Riley restated a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial has a consensus rating of “Hold” and an average price target of $64.75.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $65.02 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12-month low of $42.90 and a 12-month high of $79.07. The business’s 50 day moving average is $63.39 and its two-hundred day moving average is $58.63. The company has a market capitalization of $1.55 billion, a P/E ratio of 147.78 and a beta of 1.48.

Insider Buying and Selling at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the transaction, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. The trade was a 10.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Triumph Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. Fifth Third Bancorp increased its stake in shares of Triumph Financial by 85.4% in the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Triumph Financial by 66.8% in the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Farther Finance Advisors LLC increased its position 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 purchasing an additional 155 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in Triumph Financial during the second quarter worth about $55,000. Finally, AlphaQuest LLC purchased a new position in Triumph Financial during the third quarter worth about $56,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.