Triumph Financial, Inc. (NYSE:TFIN) Receives Average Recommendation of “Hold” from Analysts

Shares of Triumph Financial, Inc. (NYSE:TFIN) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.75.

Several equities research analysts recently weighed in on TFIN shares. B. Riley Financial reiterated a “neutral” rating and issued a $70.00 target price on shares of Triumph Financial in a research note on Monday, January 12th. Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a report on Thursday, January 29th. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd.

Triumph Financial Price Performance

NYSE:TFIN opened at $57.63 on Thursday. The firm has a market cap of $1.37 billion, a PE ratio of 61.97 and a beta of 1.50. Triumph Financial has a one year low of $42.90 and a one year high of $77.84. The firm’s fifty day moving average is $63.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.48. Triumph Financial had a net margin of 4.89% and a return on equity of 3.49%. The firm had revenue of $105.19 million during the quarter, compared to the consensus estimate of $111.21 million.

Insider Buying and Selling

In related news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the transaction, the executive vice president directly owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in TFIN. Corient Private Wealth LLC acquired a new stake in shares of Triumph Financial during the 4th quarter valued at about $3,633,000. Invesco Ltd. raised its position in Triumph Financial by 2.4% in the fourth quarter. Invesco Ltd. now owns 67,480 shares of the company’s stock worth $4,226,000 after purchasing an additional 1,594 shares in the last quarter. Voloridge Investment Management LLC raised its position in Triumph Financial by 10.4% in the fourth quarter. Voloridge Investment Management LLC now owns 126,746 shares of the company’s stock worth $7,938,000 after purchasing an additional 11,984 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Triumph Financial during the fourth quarter worth about $277,000. Finally, AQR Capital Management LLC lifted its stake in Triumph Financial by 42.0% during the fourth quarter. AQR Capital Management LLC now owns 10,497 shares of the company’s stock worth $657,000 after purchasing an additional 3,107 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

About Triumph Financial

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.