Key Points
- Triumph Financial EVP Edward Joseph Schreyer sold 2,900 shares on May 22 at an average price of $66.70, totaling $193,430. The sale reduced his direct stake by 13.59%, and it was made under a pre-arranged Rule 10b5-1 trading plan.
- TFIN shares were up 3.4% and opened at $69.05, near the stock’s 50-day moving average of $62.81. The company’s market cap is about $1.64 billion, with a 52-week range of $46.43 to $77.84.
- The company recently beat earnings expectations, reporting $0.23 EPS versus the $0.15 consensus estimate, though revenue came in slightly below forecasts. Analysts currently rate the stock a consensus Hold with an average price target of $64.75.
Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) EVP Edward Joseph Schreyer sold 2,900 shares of the firm's 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 sale, the executive vice president directly owned 18,434 shares of the company's stock, valued at $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Triumph Financial Stock Up 3.4%
TFIN opened at $69.05 on Wednesday. The business's fifty day moving average price is $62.81. The stock has a market cap of $1.64 billion, a P/E ratio of 58.03 and a beta of 1.40. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $77.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.
Triumph Financial (NYSE:TFIN - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Equities analysts anticipate that Triumph Financial, Inc. will post 1.72 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in TFIN. AltraVue Capital LLC increased its holdings in shares of Triumph Financial by 22.0% in 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 period. Diamond Hill Capital Management Inc. increased its holdings in shares of Triumph Financial by 132.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company's stock valued at $18,112,000 after acquiring an additional 206,010 shares during the period. Ranger Investment Management L.P. increased its holdings in shares of Triumph Financial by 48.5% in the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company's stock valued at $31,217,000 after acquiring an additional 170,871 shares during the period. Jacobs Asset Management LLC increased its holdings in shares of Triumph Financial by 922.0% in the 1st quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company's stock valued at $7,010,000 after acquiring an additional 106,003 shares during the period. Finally, Investment Management Associates Inc. ADV increased its holdings in shares of Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company's stock valued at $21,304,000 after acquiring an additional 86,761 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $66.00 to $70.00 and gave the stock a "market perform" rating in a report on Wednesday, January 28th. Wall Street Zen upgraded Triumph Financial from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. DA Davidson restated a "neutral" rating and set a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, Zacks Research downgraded Triumph Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial currently has an average rating of "Hold" and an average price target of $64.75.
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About Triumph Financial
(
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.
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