Key Points
- Insider buying: Triumph Financial insider Todd Ritterbusch bought 7,000 shares on May 8 at an average price of $67.01, totaling $469,070. After the purchase, he owned 22,804 shares, a 44.29% increase in his position.
- Recent performance and valuation: TFIN opened at $64.97 and was down 2.3% in the session. The stock has a market cap of $1.55 billion, a 12-month range of $46.43 to $77.84, and a consensus analyst rating of Hold with an average price target of $64.75.
- Business results and institutional interest: Triumph Financial recently reported quarterly EPS of $0.23, topping estimates of $0.15, while revenue came in slightly below expectations. Several institutional investors increased holdings, and hedge funds and other institutions now own 91.11% of the stock.
Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the purchase, the insider owned 22,804 shares in the company, valued at $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 accessible through the SEC website.
Triumph Financial Trading Down 2.3%
NYSE:TFIN opened at $64.97 on Tuesday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 54.59 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day moving average price of $61.34. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $77.84.
Triumph Financial (NYSE:TFIN - Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. On average, equities research analysts forecast that Triumph Financial, Inc. will post 1.9 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have issued reports on TFIN. DA Davidson restated a "neutral" rating and issued a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. B. Riley Financial restated a "neutral" rating and issued a $70.00 target price on shares of Triumph Financial in a report on Monday, January 12th. Keefe, Bruyette & Woods upped their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a "market perform" rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Triumph Financial from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Finally, Weiss Ratings upgraded shares of Triumph Financial from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, February 12th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $64.75.
Get Our Latest Analysis on TFIN
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. WCM Investment Management LLC lifted its holdings in shares of Triumph Financial by 31.1% during the 1st quarter. WCM Investment Management LLC now owns 117,512 shares of the company's stock worth $6,645,000 after acquiring an additional 27,852 shares during the period. Investment Management Associates Inc. ADV lifted its holdings in shares of Triumph Financial by 4.1% during the 1st quarter. Investment Management Associates Inc. ADV now owns 354,002 shares of the company's stock worth $21,120,000 after acquiring an additional 13,841 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Triumph Financial by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company's stock worth $49,641,000 after acquiring an additional 3,530 shares during the period. KBC Group NV lifted its holdings in shares of Triumph Financial by 3,946.8% during the 1st quarter. KBC Group NV now owns 33,224 shares of the company's stock worth $1,982,000 after acquiring an additional 32,403 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of Triumph Financial by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company's stock worth $675,000 after acquiring an additional 397 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.
Triumph Financial Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
