Triumph Financial (NASDAQ:TFIN) Stock Price Expected to Rise, Stephens Analyst Says

Key Points

• Stephens analysts have increased their target price for Triumph Financial (NASDAQ:TFIN) from $53.00 to $59.00, indicating a potential upside of 15.06% from the current price.
• Triumph Financial reported earnings of $0.15 per share for the latest quarter, exceeding the consensus estimate of $0.04, with revenue also surpassing expectations at $108.06 million.
• The stock opened at $51.28 and currently has a market capitalization of $1.22 billion, with an average rating of "Hold" from four investment analysts.

Triumph Financial (NASDAQ:TFIN - Get Free Report) had its target price boosted by stock analysts at Stephens from $53.00 to $59.00 in a report released on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Stephens' target price would suggest a potential upside of 15.06% from the company's current price.

Separately, DA Davidson restated a "neutral" rating and set a $63.00 target price on shares of Triumph Financial in a research report on Thursday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial has an average rating of "Hold" and a consensus target price of $58.25.

Triumph Financial Stock Up 7.1%

Shares of TFIN opened at $51.28 on Friday. The business's fifty day moving average price is $55.23 and its two-hundred day moving average price is $56.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 116.55 and a beta of 1.31. Triumph Financial has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. On average, analysts predict that Triumph Financial will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

In other Triumph Financial 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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. 5.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Sippican Capital Advisors lifted its position in Triumph Financial by 33.2% in the 2nd quarter. Sippican Capital Advisors now owns 56,081 shares of the company's stock valued at $3,091,000 after acquiring an additional 13,970 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Triumph Financial in the 1st quarter worth $332,000. New York State Common Retirement Fund boosted its stake in Triumph Financial by 13.1% in the 1st quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock worth $4,336,000 after purchasing an additional 8,670 shares during the period. Finally, CWM LLC boosted its stake in Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. 91.11% of the stock is owned by institutional investors.

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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