Triumph Financial (NYSE:TFIN) Price Target Raised to $70.00

Triumph Financial (NYSE:TFIN) had its target price boosted by equities research analysts at Stephens from $67.00 to $70.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens‘s target price would indicate a potential upside of 12.78% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. B. Riley Financial raised Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, October 2nd. Raymond James Financial cut their price target on Triumph Financial from $89.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. Finally, Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.20.

Triumph Financial Price Performance

Shares of NYSE TFIN opened at $62.07 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. Triumph Financial has a 1-year low of $49.27 and a 1-year high of $83.52. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 41.94 and a beta of 1.53. The business has a 50-day moving average of $66.12 and a 200-day moving average of $69.63.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Wednesday, October 21st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). The company had revenue of $125.67 million for the quarter, compared to analysts’ expectations of $123.11 million. Triumph Financial had a net margin of 8.96% and a return on equity of 5.61%. On average, equities analysts anticipate that Triumph Financial will post 1.92 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, EVP Adam Nelson sold 3,750 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the transaction, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward Schreyer sold 2,900 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. 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. Corporate insiders own 5.51% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Several large investors have recently modified their holdings of TFIN. Legal & General Group Plc bought a new position in Triumph Financial during the 2nd quarter worth approximately $3,829,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Triumph Financial in the 2nd quarter valued at approximately $6,240,708. Susquehanna Fundamental Investments LLC increased its holdings in shares of Triumph Financial by 66.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 39,233 shares of the company’s stock valued at $2,994,000 after acquiring an additional 15,676 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Triumph Financial in the 2nd quarter valued at approximately $259,022,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Triumph Financial during the 2nd quarter valued at approximately $1,874,000. Institutional investors own 91.11% of the company’s stock.

About Triumph Financial

Triumph Financial, Inc is a financial holding company headquartered in Dallas, Texas, that provides banking, payments and financial services designed primarily for businesses and professionals in the transportation industry. The company operates through a technology-focused model that combines traditional banking capabilities with specialized payments and working-capital solutions.

Its offerings include commercial banking products, accounts and lending services, as well as transportation-focused invoice factoring through Triumph Business Capital.