Triumph Financial (NYSE:TFIN) Stock Rating Lowered by Zacks Research

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

Other equities research analysts have also recently issued research reports about the stock. Stephens upped their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Keefe, Bruyette & Woods upped their price target 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. DA Davidson raised their price objective on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, B. Riley Financial raised their price objective on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $85.00.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $75.83 on Tuesday. The company’s fifty day moving average price is $74.67 and its 200-day moving average price is $67.16. The stock has a market cap of $1.81 billion, a PE ratio of 51.24 and a beta of 1.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12 month low of $46.43 and a 12 month high of $83.52.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The company had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. On average, equities analysts expect that Triumph Financial will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of Triumph Financial stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider owned 22,804 shares in the company, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The SEC filing for this purchase provides additional information. 5.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Triumph Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock worth $127,202,000 after buying an additional 14,355 shares during the last quarter. AltraVue Capital LLC boosted its holdings in shares of Triumph Financial by 22.0% during the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after acquiring an additional 273,718 shares during the last quarter. State Street Corp grew its stake in shares of Triumph Financial by 1.8% in the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after acquiring an additional 23,678 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Triumph Financial by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock valued at $49,641,000 after purchasing an additional 3,530 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Triumph Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $33,368,000 after purchasing an additional 4,747 shares during the period. 91.11% of the stock is currently owned by 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.