Zacks Research Upgrades Triumph Financial (NYSE:TFIN) to Strong-Buy

Triumph Financial (NYSE:TFIN) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Price Performance

Shares of NYSE TFIN opened at $73.74 on Monday. Triumph Financial has a twelve month low of $46.43 and a twelve month high of $77.84. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 61.97 and a beta of 1.39. The business has a 50 day simple moving average of $68.21 and a 200-day simple moving average of $64.53.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. As a group, equities research analysts expect that Triumph Financial will post 1.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the transaction, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. 5.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Triumph Financial

Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its stake in shares of Triumph Financial by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Triumph Financial by 46.1% during 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 period. Tower Research Capital LLC TRC increased 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 valued at $126,000 after buying an additional 195 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Triumph Financial by 66.8% in the 3rd 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 period. Finally, Rhumbline Advisers boosted its position in Triumph Financial by 0.3% during the third quarter. Rhumbline Advisers now owns 63,803 shares of the company’s stock valued at $3,193,000 after acquiring an additional 211 shares during the last quarter. 91.11% of the stock is currently 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.