DA Davidson Reaffirms Neutral Rating for Triumph Financial (NASDAQ:TFIN)

Triumph Financial (NASDAQ:TFIN)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They currently have a $60.00 price target on the stock. DA Davidson’s target price would suggest a potential downside of 5.14% from the stock’s previous close.

Several other analysts have also weighed in on TFIN. Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday. B. Riley reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Triumph Financial in a research report on Monday, January 12th. Finally, Stephens lifted their target price on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Stock Performance

Triumph Financial stock opened at $63.25 on Thursday. The stock has a 50 day moving average of $63.58 and a 200-day moving average of $58.62. Triumph Financial has a 52 week low of $42.90 and a 52 week high of $79.07. The stock has a market cap of $1.50 billion, a P/E ratio of 143.75 and a beta of 1.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.

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 completion of the transaction, the executive vice president directly owned 24,832 shares in the company, valued at approximately $1,618,549.76. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Triumph Financial by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company’s stock valued at $8,158,000 after buying an additional 7,635 shares in the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Triumph Financial by 16.5% in the third quarter. Peregrine Capital Management LLC now owns 183,268 shares of the company’s stock valued at $9,171,000 after acquiring an additional 25,963 shares in the last quarter. US Bancorp DE lifted its position in Triumph Financial by 26.4% in the second quarter. US Bancorp DE now owns 12,939 shares of the company’s stock worth $713,000 after purchasing an additional 2,704 shares during the period. New York State Common Retirement Fund increased its position in shares of Triumph Financial by 42.0% during the 2nd quarter. New York State Common Retirement Fund now owns 106,511 shares of the company’s stock valued at $5,870,000 after purchasing an additional 31,490 shares during the period. Finally, Sippican Capital Advisors raised its stake in shares of Triumph Financial by 33.2% in the 2nd quarter. Sippican Capital Advisors now owns 56,081 shares of the company’s stock worth $3,091,000 after buying an additional 13,970 shares in the last quarter. Institutional investors 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.