Triumph Financial (NASDAQ:TFIN) Trading Up 8.6% - Still a Buy?

Shares of Triumph Financial, Inc. (NASDAQ:TFIN - Get Free Report) were up 8.6% during mid-day trading on Tuesday . The company traded as high as $60.23 and last traded at $59.85. Approximately 133,955 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 176,400 shares. The stock had previously closed at $55.11.

Analyst Ratings Changes

A number of equities research analysts have commented on TFIN shares. Keefe, Bruyette & Woods decreased their price target on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. B. Riley reissued a "neutral" rating and issued a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, DA Davidson cut their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, Triumph Financial currently has an average rating of "Hold" and a consensus price target of $68.20.

Triumph Financial Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day simple moving average of $56.94 and a two-hundred day simple moving average of $66.75. The firm has a market cap of $1.43 billion, a PE ratio of 165.32 and a beta of 1.32.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a net margin of 2.44% and a return on equity of 1.61%. The firm had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Triumph Financial news, Director Debra A. Bradford bought 1,508 shares of Triumph Financial stock in a transaction dated 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 acquisition, the director directly owned 3,348 shares in the company, valued at approximately $165,357.72. This represents a 81.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Harrison B. Barnes purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average cost of $53.65 per share, with a total value of $53,650.00. Following the acquisition, the director owned 21,565 shares in the company, 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. Insiders acquired 4,008 shares of company stock valued at $208,380 in the last three months. Corporate insiders own 5.58% of the company's stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Triumph Financial by 10,573.0% during the 1st quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock valued at $2,332,000 after buying an additional 39,966 shares during the period. Bank of Montreal Can purchased a new stake in shares of Triumph Financial in the fourth quarter valued at $219,000. US Bancorp DE lifted its holdings in shares of Triumph Financial by 2.5% in the 4th quarter. US Bancorp DE now owns 13,425 shares of the company's stock worth $1,220,000 after acquiring an additional 322 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Financial during the 4th quarter worth about $445,000. Finally, Swiss National Bank grew its holdings in Triumph Financial by 0.9% during the 4th quarter. Swiss National Bank now owns 43,700 shares of the company's stock valued at $3,971,000 after purchasing an additional 400 shares during the last quarter. 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.

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