Triumph Financial (NYSE:TFIN) Hits New 1-Year High – Here’s What Happened

Shares of Triumph Financial, Inc. (NYSE:TFIN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $78.50 and last traded at $77.5160, with a volume of 38997 shares trading hands. The stock had previously closed at $76.31.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TFIN shares. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Finally, DA Davidson restated a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Triumph Financial has an average rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Price Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $69.51 and its 200 day moving average price is $65.08. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 66.34 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last released its 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. Equities research analysts predict that Triumph Financial, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Todd Ritterbusch acquired 7,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 18,434 shares in the company, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. 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 currently owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

Several institutional investors and hedge funds have recently bought and sold shares of TFIN. EverSource Wealth Advisors LLC raised its stake 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 valued at $26,000 after buying an additional 209 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock valued at $117,000 after acquiring an additional 514 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Triumph Financial in the fourth quarter valued at about $174,000. Institutional investors own 91.11% of the company’s stock.

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.