Keefe, Bruyette & Woods Boosts Triumph Financial (NYSE:TFIN) Price Target to $88.00

Triumph Financial (NYSE:TFIN) had its price objective upped by stock analysts at Keefe, Bruyette & Woods from $78.00 to $88.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.45% from the company’s current price.

A number of other brokerages have also issued reports on TFIN. Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.50.

Triumph Financial Trading Down 3.8%

Shares of Triumph Financial stock opened at $76.89 on Thursday. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $83.52. The business’s fifty day moving average is $73.92 and its two-hundred day moving average is $66.95. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.84 billion, a PE ratio of 51.95 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $120.24 million during the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. Analysts anticipate that Triumph Financial will post 1.88 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Triumph Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after acquiring an additional 11,694 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Triumph Financial by 45.2% during the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Triumph Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after purchasing an additional 564 shares during the last quarter. Norges Bank acquired a new position in Triumph Financial in the second quarter worth about $304,000. Finally, First Trust Advisors LP grew its stake in Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after purchasing an additional 9,052 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

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.