Key Points
- Triumph Financial CEO Aaron Graft sold 11,883 shares for $738,409.62 at an average price of $62.14, reducing his stake by 6.56%. He retained 169,303 shares, valued at about $10.52 million after the sale.
- The company reported quarterly EPS of $0.52, below analysts’ $0.60 estimate, while revenue of $125.67 million exceeded expectations of $123.11 million.
- Analysts’ consensus rating is Hold, with a consensus price target of $78.80; two analysts rate the stock Buy and five rate it Hold.
Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) CEO Aaron Graft sold 11,883 shares of Triumph Financial stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $62.14, for a total value of $738,409.62. Following the completion of the sale, the chief executive officer owned 169,303 shares in the company, valued at $10,520,488.42. This represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Triumph Financial Stock Performance
Shares of Triumph Financial stock opened at $62.97 on Tuesday. Triumph Financial, Inc. has a 52 week low of $49.27 and a 52 week high of $83.52. The business's fifty day simple moving average is $63.50 and its 200-day simple moving average is $67.09. The firm has a market cap of $1.51 billion, a PE ratio of 32.78 and a beta of 1.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05.
Triumph Financial (NYSE:TFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. The company had revenue of $125.67 million during the quarter, compared to analysts' expectations of $123.11 million. Equities analysts forecast that Triumph Financial, Inc. will post 1.97 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on TFIN. Keefe, Bruyette & Woods lifted 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 report on Thursday, July 23rd. Raymond James Financial decreased their price objective on shares of Triumph Financial from $89.00 to $84.00 and set an "outperform" rating on the stock in a report on Friday, September 25th. Weiss Ratings restated a "hold (c)" rating on shares of Triumph Financial in a report on Wednesday, November 4th. Zacks Research cut shares of Triumph Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Finally, DA Davidson lifted their target price on shares of Triumph Financial from $67.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Triumph Financial currently has a consensus rating of "Hold" and a consensus price target of $78.80.
View Our Latest Stock Report on TFIN
Institutional Investors Weigh In On Triumph Financial
Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc acquired a new position in Triumph Financial during the 2nd quarter worth about $3,829,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Triumph Financial during the 2nd quarter valued at about $6,240,708. Susquehanna Fundamental Investments LLC boosted its holdings in Triumph Financial by 66.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 39,233 shares of the company's stock valued at $2,994,000 after acquiring an additional 15,676 shares during the period. BlackRock Inc. purchased a new position in Triumph Financial during the 2nd quarter valued at about $259,022,000. Finally, Squarepoint Ops LLC acquired a new position in Triumph Financial in the 2nd quarter valued at about $1,874,000. Hedge funds and other institutional investors own 91.11% of the company's stock.
About Triumph Financial
(
Get Free Report)
Triumph Financial, Inc is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank.
TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.
Further Reading
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