Triumph Financial (NASDAQ:TFIN) EVP Adam Nelson Sells 3,000 Shares of Stock

Triumph Financial, Inc. (NASDAQ:TFIN) EVP Adam Nelson sold 3,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the transaction, the executive vice president owned 24,832 shares in the company, valued at $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $62.21 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $93.74. The firm’s 50-day simple moving average is $56.19 and its 200-day simple moving average is $57.19. The firm has a market cap of $1.48 billion, a PE ratio of 141.39 and a beta of 1.50.

Analyst Ratings Changes

TFIN has been the subject of a number of research analyst reports. B. Riley upgraded Triumph Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $70.00 in a report on Monday, October 20th. DA Davidson reiterated a “neutral” rating and set a $63.00 target price on shares of Triumph Financial in a research note on Thursday, October 16th. Finally, Stephens increased their target price on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Institutional Investors Weigh In On Triumph Financial

Several large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in shares of Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Triumph Financial in the 2nd quarter worth about $55,000. AlphaQuest LLC acquired a new stake in shares of Triumph Financial in the third quarter valued at approximately $56,000. Finally, Tower Research Capital LLC TRC raised its holdings 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 last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

About Triumph Financial

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.