Key Points
- Triumph Financial EVP Edward Joseph Schreyer sold 2,900 shares at an average price of $73.75, totaling $213,875. The Rule 10b5-1 transaction reduced his direct holdings by 15.73% to 15,534 shares.
- Triumph Financial reported quarterly EPS of $0.44, matching estimates, while revenue of $120.24 million exceeded the $114.67 million consensus forecast.
- Analysts maintain a generally neutral outlook, with the stock carrying a consensus “Hold” rating and an average price target of $85.00; institutional investors own 91.11% of outstanding shares.
Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) EVP Edward Joseph Schreyer sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the transaction, the executive vice president directly owned 15,534 shares in the company, valued at approximately $1,145,632.50. This trade represents a 15.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Triumph Financial Price Performance
NYSE:TFIN opened at $74.85 on Friday. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 50.57 and a beta of 1.39. The stock's 50 day moving average price is $76.54 and its two-hundred day moving average price is $68.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05.
Triumph Financial (NYSE:TFIN - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $120.24 million during the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. On average, analysts anticipate that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.
Institutional Investors Weigh In On Triumph Financial
A number of institutional investors have recently modified their holdings of TFIN. Royal Bank of Canada increased its position in Triumph Financial by 73.8% during the first quarter. Royal Bank of Canada now owns 27,541 shares of the company's stock worth $1,592,000 after acquiring an additional 11,694 shares during the period. AQR Capital Management LLC boosted its holdings in Triumph Financial by 45.2% in the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company's stock valued at $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock worth $759,000 after purchasing an additional 564 shares in the last quarter. Norges Bank acquired a new position in shares of Triumph Financial during the 2nd quarter worth approximately $304,000. Finally, First Trust Advisors LP increased its holdings in shares of Triumph Financial by 59.8% during the second quarter. First Trust Advisors LP now owns 24,198 shares of the company's stock worth $1,334,000 after purchasing an additional 9,052 shares during the period. Institutional investors own 91.11% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a research report on Friday, August 7th. DA Davidson raised their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the company a "market perform" rating in a research note on Thursday, July 23rd. Zacks Research cut shares of Triumph Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Finally, Stephens raised their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $85.00.
View Our Latest Research Report on TFIN
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.
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