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

Triumph Financial, Inc. (NYSE:TFIN) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $64.75.

A number of research firms recently weighed in on TFIN. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a research note on Wednesday, April 22nd.

Triumph Financial Stock Down 0.2%

TFIN stock opened at $71.91 on Friday. The stock’s 50 day simple moving average is $67.80 and its 200 day simple moving average is $64.25. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.71 billion, a P/E ratio of 60.43 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping 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 business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. On average, research analysts expect that Triumph Financial will post 1.72 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In related news, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the purchase, the insider directly owned 22,804 shares in the company, valued at $1,528,096.04. This trade represents a 44.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.51% of the company’s stock.

Institutional Trading of Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Triumph Financial by 46.1% in 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. Fifth Third Bancorp raised its stake in shares of Triumph Financial by 85.4% in the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $26,000 after purchasing an additional 209 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Triumph Financial by 28.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Company Profile

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.