DA Davidson Raises Triumph Financial (NASDAQ:TFIN) Price Target to $63.00

Triumph Financial (NASDAQ:TFIN - Get Free Report) had its price target boosted by stock analysts at DA Davidson from $56.00 to $63.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. DA Davidson's target price points to a potential upside of 8.23% from the stock's current price.

A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. B. Riley restated a "neutral" rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $69.60.

Triumph Financial Stock Performance

NASDAQ:TFIN traded down $3.78 during trading hours on Friday, reaching $58.21. 65,103 shares of the company's stock were exchanged, compared to its average volume of 183,341. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 156.32 and a beta of 1.29. The company has a 50-day moving average of $59.64 and a 200 day moving average of $64.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial has a 1-year low of $42.90 and a 1-year high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.61% and a net margin of 2.44%. The firm had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. During the same quarter last year, the business posted $0.14 EPS. Research analysts anticipate that Triumph Financial will post 1.08 EPS for the current year.

Insiders Place Their Bets

In related news, Director Harrison B. Barnes bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the transaction, the director owned 21,565 shares of the company's stock, valued at approximately $1,156,962.25. The trade was a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Debra A. Bradford bought 1,508 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the transaction, the director directly owned 3,348 shares of the company's stock, valued at approximately $165,357.72. The trade was a 81.96% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 4,008 shares of company stock valued at $208,380 in the last ninety days. Insiders own 5.58% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the period. GAMMA Investing LLC raised its holdings in Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares during the period. Bank of Montreal Can purchased a new position in Triumph Financial in the fourth quarter valued at approximately $219,000. Balyasny Asset Management L.P. purchased a new position in Triumph Financial in the fourth quarter valued at approximately $237,000. Finally, NBC Securities Inc. raised its holdings in Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after buying an additional 2,647 shares during the period. Hedge funds and other institutional investors own 91.11% of the company's stock.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.

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