Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $63.58, but opened at $61.74. Triumph Financial shares last traded at $61.40, with a volume of 66,374 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. B. Riley reiterated a "neutral" rating and set a $55.00 price objective (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods reduced their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, DA Davidson raised their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday.
Get Our Latest Report on TFIN
Triumph Financial Trading Up 5.0%
The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $59.66 and a two-hundred day moving average price of $63.90. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 165.95 and a beta of 1.29.
Insider Activity at Triumph Financial
In other Triumph Financial news, Director Debra A. Bradford acquired 1,508 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the acquisition, the director owned 3,348 shares of the company's stock, valued at approximately $165,357.72. The trade was a 81.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Harrison B. Barnes acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the acquisition, the director directly owned 21,565 shares of the company's stock, valued at $1,156,962.25. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 4,008 shares of company stock worth $208,380. Insiders own 5.58% of the company's stock.
Institutional Trading of Triumph Financial
Several hedge funds have recently made changes to their positions in TFIN. CWM LLC raised its stake in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after acquiring an additional 320 shares in the last quarter. Bank of Montreal Can purchased a new position in Triumph Financial in the fourth quarter valued at $219,000. Balyasny Asset Management L.P. purchased a new position in Triumph Financial in the fourth quarter valued at $237,000. Finally, NBC Securities Inc. increased its holdings in Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after buying an additional 2,647 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.
Triumph Financial Company Profile
(
Get Free Report)
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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