Triumph Financial (NASDAQ:TFIN) Shares Up 8.6% - What's Next?

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. B. Riley reaffirmed a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods reduced their target price 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $68.20.

Triumph Financial Price Performance

The company has a market capitalization of $1.49 billion, a P/E ratio of 172.08 and a beta of 1.29. The business's 50-day simple moving average is $57.69 and its 200 day simple moving average is $66.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

Insider Transactions at Triumph Financial

In other news, Director Debra A. Bradford purchased 1,508 shares of Triumph Financial stock in a transaction dated Wednesday, April 23rd. The stock was acquired 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 $165,357.72. This represents a 81.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Davis R. Deadman bought 1,500 shares of the stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the transaction, the director directly owned 10,220 shares of the company's stock, valued at approximately $546,770. The trade was a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by insiders.

Institutional Trading of Triumph Financial

Several hedge funds and other institutional investors have recently bought and sold shares of TFIN. US Bancorp DE raised its stake in shares of Triumph Financial by 2.5% in the fourth quarter. US Bancorp DE now owns 13,425 shares of the company's stock valued at $1,220,000 after purchasing an additional 322 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock worth $51,000 after purchasing an additional 426 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Triumph Financial by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock worth $18,092,000 after purchasing an additional 3,539 shares in the last quarter. M&T Bank Corp lifted its stake in Triumph Financial by 7.1% during the fourth quarter. M&T Bank Corp now owns 13,784 shares of the company's stock worth $1,253,000 after purchasing an additional 913 shares during the period. Finally, Amundi boosted its holdings in Triumph Financial by 185.0% during the fourth quarter. Amundi now owns 11,014 shares of the company's stock valued at $967,000 after purchasing an additional 7,149 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

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.