Triumph Financial (NYSE:TFIN) Upgraded at Zacks Research

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

A number of other brokerages have also recently commented on TFIN. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and an average target price of $64.75.

Triumph Financial Stock Performance

Shares of TFIN opened at $73.74 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $1.76 billion, a PE ratio of 61.97 and a beta of 1.39. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $77.84. The stock’s fifty day moving average price is $68.21 and its two-hundred day moving average price is $64.53.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. On average, equities research analysts forecast that Triumph Financial will post 1.72 EPS for the current year.

Insider Activity at Triumph Financial

In related news, insider Todd Ritterbusch purchased 7,000 shares of Triumph Financial stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the transaction, the insider directly owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 trade represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Triumph Financial by 4.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares during the last quarter. M&T Bank Corp boosted its position in Triumph Financial by 235.5% in the fourth quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after buying an additional 28,519 shares during the last quarter. Investment Management Associates Inc. ADV increased its holdings in Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after buying an additional 86,761 shares during the period. SG Americas Securities LLC lifted its stake in Triumph Financial by 1,217.8% during the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after acquiring an additional 86,454 shares during the period. Finally, Empirical Capital Management LLC purchased a new stake in shares of Triumph Financial in the 4th quarter valued at $1,298,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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.