Triumph Financial (NYSE:TFIN) Sees Strong Trading Volume – Still a Buy?

Triumph Financial, Inc. (NYSE:TFIN) shares saw unusually-strong trading volume on Thursday . 212,561 shares traded hands during trading, a decline of 17% from the previous session’s volume of 254,675 shares.The stock last traded at $79.7570 and had previously closed at $78.39.

Wall Street Analyst Weigh In

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

Triumph Financial Price Performance

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 stock has a market cap of $1.91 billion, a PE ratio of 67.52 and a beta of 1.39. The business has a 50-day moving average price of $72.40 and a 200 day moving average price of $66.40.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Todd Ritterbusch acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired 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 approximately $1,528,096.04. This trade represents a 44.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial 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 transaction, the executive vice president directly owned 18,434 shares of the company’s stock, valued at $1,229,547.80. The trade was a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after purchasing an additional 11,694 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Triumph Financial by 45.2% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triumph Financial by 4.5% during the 1st 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 in the last quarter. Norges Bank bought a new position in shares of Triumph Financial in the second quarter worth $304,000. Finally, First Trust Advisors LP increased its holdings in shares of 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 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.