Triumph Financial (NYSE:TFIN) EVP Sells $296,437.50 in Stock

Triumph Financial, Inc. (NYSE:TFIN) EVP Adam Nelson sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the transaction, the executive vice president owned 23,755 shares of the company’s stock, valued at $1,877,832.75. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Triumph Financial Stock Performance

Triumph Financial stock opened at $75.80 on Friday. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $83.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $75.74 and a two-hundred day moving average price of $67.55. The firm has a market capitalization of $1.81 billion, a P/E ratio of 51.21 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. As a group, analysts anticipate that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Triumph Financial

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Triumph Financial during the second quarter worth about $259,022,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Triumph Financial in the 2nd quarter valued at approximately $38,807,000. AltraVue Capital LLC boosted its position in Triumph Financial by 22.0% during the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after acquiring an additional 273,718 shares during the last quarter. Ranger Investment Management L.P. grew its stake in shares of Triumph Financial by 48.5% during the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after acquiring an additional 170,871 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Triumph Financial in the second quarter valued at approximately $9,574,000. 91.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TFIN. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. B. Riley Financial upped their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Finally, Stephens lifted their target price on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, Triumph Financial has an average rating of “Hold” and a consensus price target of $85.00.

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.