Insider Selling: Triumph Financial (NYSE:TFIN) CEO Sells $738,409.62 in Stock

Key Points

• Triumph Financial CEO Aaron Graft sold 11,883 shares for $738,409.62 at an average price of $62.14, reducing his holdings by 6.56% to 169,303 shares.
• The company’s latest quarter fell short of earnings expectations, reporting EPS of $0.52 versus analysts’ $0.60 estimate, while revenue of $125.67 million exceeded forecasts.
• 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 transaction of $738,409.62. Following the completion of the transaction, the chief executive officer owned 169,303 shares in the company, valued at approximately $10,520,488.42. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Triumph Financial Stock Performance

Shares of NYSE:TFIN traded up $1.74 on Monday, reaching $62.97. The company's stock had a trading volume of 150,927 shares, compared to its average volume of 249,091. The stock's 50-day moving average is $63.67 and its two-hundred day moving average is $67.12. Triumph Financial, Inc. has a 52-week low of $49.27 and a 52-week high of $83.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $1.51 billion, a P/E ratio of 32.13 and a beta of 1.47.

Triumph Financial (NYSE:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.08). The company had revenue of $125.67 million for the quarter, compared to analysts' expectations of $123.11 million. Triumph Financial had a return on equity of 5.57% and a net margin of 8.96%. As a group, sell-side analysts forecast that Triumph Financial, Inc. will post 1.97 EPS for the current year.

Institutional Trading of Triumph Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Triumph Financial during the second quarter worth about $259,022,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Triumph Financial in the second quarter valued at about $49,047,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Triumph Financial in the second quarter valued at about $38,807,000. Bank of America Corp DE acquired a new stake in Triumph Financial in the second quarter valued at about $38,256,000. Finally, Ranger Investment Management L.P. purchased a new stake in Triumph Financial in the 2nd quarter valued at approximately $36,920,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TFIN shares. B. Riley Financial raised Triumph Financial from a "neutral" rating to a "buy" rating and set a $82.00 price objective for the company in a research report on Friday, October 2nd. DA Davidson boosted their target price on Triumph Financial from $67.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, October 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Triumph Financial in a report on Wednesday, November 4th. Raymond James Financial cut their price target on Triumph Financial from $89.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, September 25th. Finally, Stephens increased their price target on Triumph Financial from $67.00 to $70.00 and gave the stock an "equal weight" rating in a report on Friday, October 23rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Triumph Financial presently has a consensus rating of "Hold" and a consensus target price of $78.80.

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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