Triumph Financial (NASDAQ:TFIN) Shares Down 4.3% - Time to Sell?

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.

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

Wall Street Analysts Forecast Growth

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

Triumph Financial Stock Performance

The company has a market cap of $1.35 billion, a PE ratio of 129.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $59.96 and a 200 day moving average of $58.44.

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

Insider Activity

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer owned 144,558 shares of the company's stock, valued at approximately $8,699,500.44. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company's stock, valued at $1,680,774.48. This 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.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in TFIN. CWM LLC lifted its position in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC raised its position in Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after purchasing an additional 320 shares during the period. Creekmur Asset Management LLC purchased a new stake in Triumph Financial during the second quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its position in Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after purchasing an additional 195 shares during the period. Finally, NBC Securities Inc. raised its position in Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after purchasing an additional 2,647 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.

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