Triumph Financial, Inc. (NYSE:TFIN) Receives Average Rating of "Hold" from Analysts

Key Points

• Analyst consensus is “Hold”: All six covering analysts rate Triumph Financial neutral, with an average 12-month price target of $85.00.
• Recent broker actions were mixed but generally neutral: Stephens and Keefe, Bruyette & Woods raised their targets to $88, while Zacks Research downgraded the stock from “strong buy” to “hold.”
• Quarterly results met expectations: Triumph Financial reported adjusted earnings of $0.44 per share, in line with estimates, while revenue of $120.24 million exceeded the $114.67 million consensus forecast.

Shares of Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) have been assigned an average recommendation of "Hold" from the six brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have covered the stock in the last year is $85.00.

A number of brokerages recently weighed in on TFIN. Stephens upped their target price on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price target on 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 Triumph Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. Finally, DA Davidson lifted their target price on Triumph Financial from $65.00 to $82.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th.

Insiders Place Their Bets

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the sale, the executive vice president owned 15,534 shares in the company, valued at approximately $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total value of $296,437.50. Following the transaction, the executive vice president directly owned 23,755 shares of the company's stock, valued at $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. 5.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Quantbot Technologies LP acquired a new position in Triumph Financial during the second quarter worth approximately $40,000. Nykredit A S bought a new stake in Triumph Financial in the second quarter valued at approximately $105,000. Tower Research Capital LLC TRC raised its stake in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after buying an additional 195 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $174,000. Institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Performance

Shares of TFIN opened at $69.13 on Thursday. 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 twelve month low of $46.43 and a twelve month high of $83.52. The firm's 50 day moving average price is $76.30 and its two-hundred day moving average price is $68.44. The firm has a market cap of $1.65 billion, a P/E ratio of 46.71 and a beta of 1.37.

Triumph Financial (NYSE:TFIN - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The company had revenue of $120.24 million during the quarter, compared to analysts' expectations of $114.67 million. On average, analysts forecast that Triumph Financial will post 1.93 EPS for the current fiscal year.

About Triumph Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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