Brokerages Set Triumph Financial, Inc. (NYSE:TFIN) PT at $64.75

Shares of Triumph Financial, Inc. (NYSE:TFIN) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $64.75.

A number of analysts have issued reports on TFIN shares. 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.

Insider Activity at Triumph Financial

In other Triumph Financial news, 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 transaction, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction dated Friday, May 8th. The shares were bought 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 approximately $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.51% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TFIN. Vanguard Group Inc. grew its position in Triumph Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock valued at $127,202,000 after acquiring an additional 14,355 shares during the period. AltraVue Capital LLC raised its holdings in shares of Triumph Financial by 22.0% in the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after purchasing an additional 273,718 shares during the period. State Street Corp raised its holdings in shares of Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after purchasing an additional 23,678 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Triumph Financial by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock valued at $49,641,000 after purchasing an additional 3,530 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Triumph Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock worth $33,368,000 after purchasing an additional 4,747 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Trading Up 1.6%

Shares of Triumph Financial stock opened at $79.09 on Wednesday. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $81.00. The firm has a market cap of $1.88 billion, a PE ratio of 66.46 and a beta of 1.39. The business’s fifty day moving average is $72.95 and its two-hundred day moving average is $66.63. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

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 3.97% and a net margin of 6.07%. Analysts anticipate that Triumph Financial will post 1.88 earnings per share for the current year.

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.