Triumph Financial (NYSE:TFIN) CEO Sells 652 Shares of Company Stock

Key Points

• CEO Aaron Graft sold 652 shares for about $40,431, reducing his direct stake by 0.39% to 165,526 shares.
• Triumph Financial’s latest quarterly earnings per share of $0.52 missed analyst estimates of $0.60, while revenue of $125.67 million exceeded expectations of $123.11 million.
• Analysts maintain a consensus “Hold” rating, with an average price target of $78.80; shares rose 2.8% in Monday mid-day trading.

Triumph Financial, Inc. (NYSE:TFIN - Get Free Report) CEO Aaron Graft sold 652 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $62.01, for a total value of $40,430.52. Following the completion of the transaction, the chief executive officer directly owned 165,526 shares in the company, valued at $10,264,267.26. This represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Triumph Financial Trading Up 2.8%

Shares of NYSE TFIN traded up $1.74 during mid-day trading on Monday, hitting $62.97. 150,927 shares of the company traded hands, compared to its average volume of 249,091. Triumph Financial, Inc. has a 1 year low of $49.27 and a 1 year high of $83.52. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 32.13 and a beta of 1.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $63.67 and a two-hundred day moving average of $67.12.

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

Institutional Trading of Triumph Financial

Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP acquired a new stake in shares of Triumph Financial during the third quarter worth approximately $1,633,000. Maryland State Retirement & Pension System increased its stake in Triumph Financial by 53.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 5,055 shares of the company's stock valued at $303,000 after buying an additional 1,767 shares during the period. Illinois Municipal Retirement Fund increased its stake in Triumph Financial by 7.5% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,555 shares of the company's stock valued at $753,000 after buying an additional 871 shares during the period. StoneX Group Inc. purchased a new stake in Triumph Financial in the 3rd quarter worth approximately $237,000. Finally, CenterBook Partners LP purchased a new stake in Triumph Financial in the 3rd quarter worth approximately $257,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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