Triumph Financial (NASDAQ:TFIN) Stock Price Up 6.5% - What's Next?

Key Points

• Triumph Financial's stock increased by 6.5% to $51.00, despite a 55% decline in trading volume compared to its average.
• DA Davidson maintained a "neutral" rating with a price target of $63.00, while the consensus rating remains a "Hold" with an average price target of $70.75.
• The company reported earnings of $0.15 per share, surpassing analyst expectations of $0.04, along with revenue exceeding estimates at $108.06 million.

Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) shares rose 6.5% during trading on Thursday . The stock traded as high as $53.53 and last traded at $51.00. Approximately 98,685 shares were traded during trading, a decline of 55% from the average daily volume of 221,129 shares. The stock had previously closed at $47.89.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "neutral" rating and set a $63.00 price target on shares of Triumph Financial in a research report on Thursday. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.75.

Triumph Financial Stock Performance

The stock has a market capitalization of $1.22 billion, a PE ratio of 116.48 and a beta of 1.31. The stock has a fifty day moving average of $55.27 and a 200-day moving average of $56.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. The firm had revenue of $108.06 million during 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%. Equities analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Aaron P. Graft sold 6,500 shares of Triumph Financial stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total value of $391,170.00. Following the completion of the transaction, the chief executive officer directly owned 144,558 shares in the company, valued at approximately $8,699,500.44. This trade represents 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 this hyperlink. Also, EVP Adam D. Nelson sold 3,500 shares of Triumph Financial stock in a transaction dated Monday, August 25th. The stock was 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 trade represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.58% of the company's stock.

Institutional Trading of Triumph Financial

Institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Triumph Financial by 48.0% during the 1st quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after buying an additional 191 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after buying an additional 320 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Triumph Financial during the 2nd quarter worth about $55,000. Tower Research Capital LLC TRC lifted its holdings in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock worth $126,000 after buying an additional 195 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Triumph Financial during the 2nd quarter worth about $206,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.