Triumph Financial (NASDAQ:TFIN) Stock Price Down 3.3% - Time to Sell?

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) was down 3.3% on Friday . The stock traded as low as $61.14 and last traded at $59.93. Approximately 17,823 shares changed hands during trading, a decline of 92% from the average daily volume of 221,786 shares. The stock had previously closed at $61.99.

Analyst Ratings Changes

TFIN has been the topic of several recent research reports. B. Riley reaffirmed a "neutral" rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. DA Davidson raised their price target on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st.

Triumph Financial Stock Up 4.6%

The stock has a 50 day moving average price of $59.66 and a 200 day moving average price of $63.90. The company has a market capitalization of $1.45 billion, a P/E ratio of 165.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Insider Activity at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average price of $53.65 per share, with a total value of $53,650.00. Following the completion of the purchase, the director owned 21,565 shares of the company's stock, valued at approximately $1,156,962.25. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Debra A. Bradford bought 1,508 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average cost of $49.39 per share, with a total value of $74,480.12. Following the purchase, the director owned 3,348 shares of the company's stock, valued at $165,357.72. This represents a 81.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,008 shares of company stock valued at $208,380. Company insiders own 5.58% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in shares of Triumph Financial by 8.6% during the second quarter. State of Alaska Department of Revenue now owns 13,221 shares of the company's stock valued at $728,000 after acquiring an additional 1,048 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Triumph Financial by 26.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 5,605 shares of the company's stock worth $309,000 after acquiring an additional 1,187 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Triumph Financial during the 1st quarter worth approximately $332,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company's stock worth $759,000 after acquiring an additional 564 shares during the period. Finally, Eight 31 Financial LLC grew its holdings in shares of Triumph Financial by 8.6% during the 1st quarter. Eight 31 Financial LLC now owns 25,393 shares of the company's stock worth $1,468,000 after acquiring an additional 2,016 shares during the period. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Company Profile

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.