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

Triumph Financial, Inc. (NYSE:TFIN) EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction 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 completion of the transaction, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Triumph Financial Stock Up 3.4%

Shares of Triumph Financial stock traded up $2.28 during trading on Tuesday, reaching $69.05. The company’s stock had a trading volume of 227,575 shares, compared to its average volume of 253,847. 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 stock has a market capitalization of $1.64 billion, a P/E ratio of 58.03 and a beta of 1.40. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $77.84. The company has a 50-day moving average price of $62.54.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings data 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 firm had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. As a group, analysts anticipate that Triumph Financial, Inc. will post 1.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TFIN shares. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods upped their price target on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average price target of $64.75.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in TFIN. Royal Bank of Canada lifted its position in Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after purchasing an additional 11,694 shares during the period. AQR Capital Management LLC lifted its position in Triumph Financial by 45.2% in the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Triumph Financial by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock valued at $759,000 after purchasing an additional 564 shares during the period. Norges Bank acquired a new stake in Triumph Financial in the second quarter valued at about $304,000. Finally, First Trust Advisors LP lifted its position in Triumph Financial by 59.8% in the second quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock valued at $1,334,000 after purchasing an additional 9,052 shares during the period. Hedge funds and other institutional investors 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.