Key Points
- Triumph Financial EVP Adam Nelson sold 3,750 shares at an average price of $79.05, generating approximately $296,438. His remaining direct ownership fell 13.63% to 23,755 shares.
- The company’s latest quarterly results met expectations, with earnings per share of $0.44 and revenue of $120.24 million, exceeding analysts’ $114.67 million revenue estimate.
- Analysts maintain a broadly neutral view, with six Hold ratings and a consensus price target of $85.00. Institutional investors own 91.11% of the company, with several major firms recently increasing their positions.
Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) EVP Adam Nelson sold 3,750 shares of Triumph Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the transaction, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% 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 Price Performance
Shares of Triumph Financial stock opened at $78.32 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $75.56 and a 200-day simple moving average of $67.45. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 52.92 and a beta of 1.39. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $83.52.
Triumph Financial (NYSE:TFIN - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The business 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%. On average, sell-side analysts expect that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.
Analyst Upgrades and Downgrades
TFIN has been the topic of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a research report on Tuesday, May 12th. DA Davidson boosted their price objective on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Zacks Research downgraded Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Stephens raised 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, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Triumph Financial has an average rating of "Hold" and a consensus target price of $85.00.
View Our Latest Stock Report on Triumph Financial
Institutional Investors Weigh In On Triumph Financial
Institutional investors have recently bought and sold shares of the business. Howard Financial Services LTD. acquired a new position in shares of Triumph Financial in the 2nd quarter valued at $229,000. Bank of America Corp DE boosted its position in shares of Triumph Financial by 13.1% during the 1st quarter. Bank of America Corp DE now owns 460,088 shares of the company's stock valued at $27,449,000 after acquiring an additional 53,399 shares in the last quarter. Royal Bank of Canada increased its stake in Triumph Financial by 48.8% in the first quarter. Royal Bank of Canada now owns 61,529 shares of the company's stock valued at $3,671,000 after acquiring an additional 20,180 shares during the period. Ranger Investment Management L.P. raised its position in Triumph Financial by 48.5% in the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company's stock worth $31,217,000 after purchasing an additional 170,871 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Triumph Financial by 111.2% during the first quarter. Quantinno Capital Management LP now owns 16,181 shares of the company's stock worth $965,000 after purchasing an additional 8,519 shares during the period. Institutional investors and hedge funds own 91.11% of the company's stock.
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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