Triumph Financial (NYSE:TFIN) Sets New 1-Year High – Should You Buy?

Shares of Triumph Financial, Inc. (NYSE:TFINGet Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $83.52 and last traded at $81.2820, with a volume of 615692 shares. The stock had previously closed at $79.19.

Key Headlines Impacting Triumph Financial

Here are the key news stories impacting Triumph Financial this week:

Wall Street Analyst Weigh In

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

Read Our Latest Report on TFIN

Triumph Financial Trading Up 2.6%

The firm has a 50-day moving average of $73.29 and a two-hundred day moving average of $66.77. 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 firm has a market capitalization of $1.94 billion, a P/E ratio of 54.92 and a beta of 1.39.

Triumph Financial (NYSE:TFINGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Triumph Financial had a return on equity of 4.72% and a net margin of 7.17%.The business had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. On average, analysts anticipate that Triumph Financial, Inc. will post 1.88 EPS for the current year.

Insider Buying and Selling

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the company’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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 5.51% of the company’s stock.

Institutional Trading of Triumph Financial

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after buying an additional 155 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Triumph Financial by 9.3% during 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. Los Angeles Capital Management LLC purchased a new stake in Triumph Financial in the 4th quarter worth approximately $174,000. Howard Financial Services LTD. purchased a new stake in shares of Triumph Financial in the second quarter worth $229,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Triumph Financial in the 4th quarter valued at about $206,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

About Triumph Financial

(Get Free Report)

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.

See Also

Receive News & Ratings for Triumph Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Financial and related companies with MarketBeat.com's FREE daily email newsletter.