Triumph Financial (NASDAQ:TFIN) Shares Down 4.3% - What's Next?

Key Points

• Shares of Triumph Financial (NASDAQ: TFIN) fell by 4.3% to $57.30 amidst lower trading volume compared to average sessions.
• Analysts have raised the price target for Triumph Financial from $56.00 to $63.00, maintaining a "neutral" rating with an average price target of $70.75.
• Insider activity includes CEO Aaron P. Graft selling 6,500 shares, reducing his ownership by 4.30% and indicating potential market sentiment challenges.

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) dropped 4.3% during mid-day trading on Thursday . The company traded as low as $57.73 and last traded at $57.30. Approximately 143,570 shares traded hands during trading, a decline of 35% from the average daily volume of 220,864 shares. The stock had previously closed at $59.86.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.75.

Triumph Financial Stock Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.38 billion, a PE ratio of 131.97 and a beta of 1.29. The stock's 50 day simple moving average is $59.51 and its two-hundred day simple moving average is $58.09.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. As a group, research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 6,500 shares of Triumph Financial stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the sale, the chief executive officer owned 144,558 shares of the company's stock, valued at $8,699,500.44. The trade was a 4.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of Triumph Financial stock in a transaction on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares in the company, valued at $1,680,774.48. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.58% of the company's stock.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Triumph Financial by 84.7% in the 1st 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. New York State Common Retirement Fund lifted its stake in Triumph Financial by 13.1% during the first quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock valued at $4,336,000 after purchasing an additional 8,670 shares during the last quarter. CWM LLC lifted its stake in Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Triumph Financial by 2.5% during the first quarter. Principal Financial Group Inc. now owns 109,677 shares of the company's stock valued at $6,339,000 after acquiring an additional 2,666 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Triumph Financial by 49.2% during the fourth quarter. Deutsche Bank AG now owns 20,633 shares of the company's stock valued at $1,875,000 after acquiring an additional 6,800 shares during the period. 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.