Stephens Issues Positive Forecast for Triumph Financial (NYSE:TFIN) Stock Price

Key Points

• Stephens raised Triumph Financial’s price target from $67 to $70 while maintaining an “equal weight” rating, implying 12.78% upside from the prior close.
• Analyst sentiment remains cautious overall: MarketBeat reports a consensus “Hold” rating and an average price target of $81.20, based on two Buy ratings and five Holds.
• Triumph Financial’s latest quarterly results were mixed, with revenue of $125.67 million exceeding estimates but earnings per share of $0.52 missing the $0.60 consensus forecast; the stock opened at $62.07 and institutional investors own 91.11% of shares.

Triumph Financial (NYSE:TFIN - Get Free Report) had its price objective boosted by investment analysts at Stephens from $67.00 to $70.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Stephens's price target would indicate a potential upside of 12.78% from the stock's previous close.

A number of other analysts have also commented on TFIN. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a research note on Friday, August 7th. Zacks Research cut Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their target price on Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a report on Thursday, July 23rd. B. Riley Financial upgraded Triumph Financial from a "neutral" rating to a "buy" rating and set a $82.00 price target for the company in a report on Friday, October 2nd. Finally, DA Davidson lifted their price target on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $81.20.

Triumph Financial Stock Up 0.1%

Shares of Triumph Financial stock opened at $62.07 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. Triumph Financial has a 52-week low of $49.27 and a 52-week high of $83.52. The company's 50 day moving average price is $66.12 and its 200-day moving average price is $69.63. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 41.94 and a beta of 1.53.

Triumph Financial (NYSE:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). The firm had revenue of $125.67 million for the quarter, compared to the consensus estimate of $123.11 million. Triumph Financial had a net margin of 8.96% and a return on equity of 5.61%. Equities research analysts forecast that Triumph Financial will post 1.92 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Schreyer sold 2,900 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the completion of the transaction, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the sale, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.51% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds have recently modified their holdings of TFIN. Quantbot Technologies LP purchased a new position in Triumph Financial during the second quarter worth about $40,000. Integrated Wealth Concepts LLC purchased a new position in shares of Triumph Financial during the second quarter worth about $43,000. Sterling Capital Management LLC lifted its holdings in shares of Triumph Financial by 121.9% during the third quarter. Sterling Capital Management LLC now owns 608 shares of the company's stock worth $36,000 after purchasing an additional 334 shares during the period. GAMMA Investing LLC raised its holdings in Triumph Financial by 32.2% during the third quarter. GAMMA Investing LLC now owns 718 shares of the company's stock worth $43,000 after purchasing an additional 175 shares in the last quarter. Finally, Nykredit A S purchased a new position in shares of Triumph Financial in the 2nd quarter valued at about $105,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Financial

Triumph Financial, Inc is a financial holding company headquartered in Dallas, Texas, that provides banking, payments and financial services designed primarily for businesses and professionals in the transportation industry. The company operates through a technology-focused model that combines traditional banking capabilities with specialized payments and working-capital solutions.

Its offerings include commercial banking products, accounts and lending services, as well as transportation-focused invoice factoring through Triumph Business Capital.

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