Key Points
- Adam Nelson, the company's EVP, sold 3,000 shares on December 18 at an average price of $65.18 for about $195,540, trimming his stake by 10.78% to 24,832 shares.
- TFIN opened at $62.21 (52‑week range $42.90–$93.74) with a market cap of roughly $1.48B and a high P/E of 141.39; the stock was down about 1.8% and trades near its 50‑ and 200‑day moving averages (~$56).
- Institutional investors own ~91.11% of the stock with several funds increasing positions, and analysts have a consensus "Hold" (one Buy, three Holds) and a $62 target, though B. Riley recently upgraded the stock to Buy with a $70 target.
Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) EVP Adam Nelson sold 3,000 shares of the company's stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president directly owned 24,832 shares of the company's stock, valued at $1,618,549.76. The trade was a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Triumph Financial Stock Down 1.8%
Triumph Financial stock opened at $62.21 on Friday. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $93.74. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 141.39 and a beta of 1.50. The company's 50-day moving average price is $56.19 and its two-hundred day moving average price is $57.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05.
Institutional Investors Weigh In On Triumph Financial
Several large investors have recently modified their holdings of TFIN. Envestnet Asset Management Inc. raised its holdings in shares of Triumph Financial by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company's stock valued at $8,158,000 after acquiring an additional 7,635 shares during the period. US Bancorp DE grew its position in Triumph Financial by 26.4% during the 2nd quarter. US Bancorp DE now owns 12,939 shares of the company's stock worth $713,000 after purchasing an additional 2,704 shares in the last quarter. Sippican Capital Advisors raised its stake in Triumph Financial by 33.2% during the 2nd quarter. Sippican Capital Advisors now owns 56,081 shares of the company's stock valued at $3,091,000 after purchasing an additional 13,970 shares during the period. Americana Partners LLC lifted its holdings in shares of Triumph Financial by 290.2% in the second quarter. Americana Partners LLC now owns 18,757 shares of the company's stock valued at $1,034,000 after purchasing an additional 13,950 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Triumph Financial by 42.0% in the second quarter. New York State Common Retirement Fund now owns 106,511 shares of the company's stock worth $5,870,000 after buying an additional 31,490 shares during the period. 91.11% of the stock is owned by institutional investors.
Analyst Ratings Changes
TFIN has been the subject of a number of research analyst reports. DA Davidson restated a "neutral" rating and issued a $63.00 target price on shares of Triumph Financial in a research report on Thursday, October 16th. Stephens upped their price objective on Triumph Financial from $53.00 to $59.00 and gave the company an "equal weight" rating in a report on Friday, October 17th. Finally, B. Riley raised Triumph Financial from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $70.00 in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Triumph Financial has an average rating of "Hold" and a consensus target price of $62.00.
View Our Latest Report on TFIN
Triumph Financial Company Profile
(
Get Free Report)
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.
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