Triumph Financial (NYSE:TFIN) Sets New 52-Week High After Analyst Upgrade

Shares of Triumph Financial, Inc. (NYSE:TFIN) reached a new 52-week high during trading on Thursday after B. Riley Financial raised their price target on the stock from $70.00 to $82.00. B. Riley Financial currently has a neutral rating on the stock. Triumph Financial traded as high as $83.52 and last traded at $81.2820, with a volume of 615692 shares trading hands. The stock had previously closed at $79.19.

A number of other research firms have also issued reports on TFIN. DA Davidson restated a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Keefe, Bruyette & Woods boosted 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. Stephens upped their target price on Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $79.50.

Insider Activity at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the transaction, the executive vice president owned 18,434 shares of the company’s stock, valued at $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Triumph Financial by 9.3% in 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. Los Angeles Capital Management LLC acquired a new position in Triumph Financial in the fourth quarter valued at about $174,000. Howard Financial Services LTD. purchased a new position in Triumph Financial during the second quarter worth about $229,000. Finally, Maryland State Retirement & Pension System purchased a new position in Triumph Financial during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Trading Down 3.8%

The business’s 50-day simple moving average is $73.92 and its two-hundred day simple moving average is $66.95. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 51.95 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Equities analysts forecast that Triumph Financial, Inc. will post 1.88 earnings per share for the current year.

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.