Triumph Financial (NYSE:TFIN) EVP Edward Joseph Schreyer Sells 2,900 Shares of Stock

Triumph Financial, Inc. (NYSE:TFIN) EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the transaction, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Triumph Financial Trading Up 3.4%

Shares of Triumph Financial stock opened at $69.05 on Wednesday. The company’s 50 day moving average price is $62.81. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 58.03 and a beta of 1.40. 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 (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. As a group, equities research analysts forecast that Triumph Financial, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Triumph Financial by 85.4% during 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 lifted its stake in shares of Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Triumph Financial during the 3rd quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TFIN has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Six investment 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 target price of $64.75.

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.