Edward Joseph Schreyer Sells 2,900 Shares of Triumph Financial (NYSE:TFIN) Stock

Key Points

• Triumph Financial EVP Edward Joseph Schreyer sold 2,900 shares for approximately $213,875 at an average price of $73.75 under a pre-arranged Rule 10b5-1 plan. His remaining direct holdings declined 15.73% to 15,534 shares.
• Triumph Financial recently matched analysts’ quarterly EPS estimate of $0.44 and exceeded revenue expectations, reporting $120.24 million in revenue. The stock traded at $74.85, with a 52-week range of $46.43 to $83.52.
• Analysts maintain a broadly neutral outlook, with an average “Hold” rating and an $85 price target. Institutional investors own 91.11% of the company, with several major funds establishing new positions during the second quarter.

Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) EVP Edward Joseph Schreyer sold 2,900 shares of the company's stock in a transaction 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 represents a 15.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Triumph Financial Stock Performance

Shares of NYSE:TFIN traded up $0.92 on Friday, hitting $74.85. The company had a trading volume of 144,952 shares, compared to its average volume of 253,658. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 50.57 and a beta of 1.39. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $83.52. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $76.56 and a 200 day moving average price of $68.11.

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 (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Analysts expect that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Analysts Set New Price Targets

TFIN has been the topic of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. B. Riley Financial increased their price objective on Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Zacks Research downgraded Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Stephens lifted their price objective on Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $85.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Triumph Financial during the 2nd quarter worth $259,022,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Triumph Financial during the 2nd quarter worth about $49,047,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Triumph Financial during the 2nd quarter valued at approximately $38,807,000. Bank of America Corp DE purchased a new position in shares of Triumph Financial in the 2nd quarter valued at about $38,256,000. Finally, Ranger Investment Management L.P. acquired a new position in Triumph Financial during the second quarter worth about $36,920,000. 91.11% of the stock is currently owned by institutional investors.

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.

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