Triumph Financial's (TFIN) "Neutral" Rating Reaffirmed at DA Davidson

Key Points

• Triumph Financial's stock rating was reaffirmed as "neutral" by investment analysts at DA Davidson, with a price objective of $63.00, suggesting a potential upside of 23.01% from its previous close.
• The company reported $0.15 earnings per share for the last quarter, exceeding analysts' expectations of $0.04, alongside revenue of $108.06 million.
• Insider trading activity included CEO Aaron P. Graft selling 6,500 shares at an average price of $60.18, and EVP Adam D. Nelson selling 3,500 shares at an average price of $60.39.

Triumph Financial (NASDAQ:TFIN - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They currently have a $63.00 price objective on the stock. DA Davidson's price objective indicates a potential upside of 23.01% from the company's previous close.

Triumph Financial Stock Performance

Triumph Financial stock traded up $3.33 during mid-day trading on Thursday, reaching $51.22. 137,431 shares of the company's stock were exchanged, compared to its average volume of 221,405. The firm has a market capitalization of $1.22 billion, a PE ratio of 116.69 and a beta of 1.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The business's fifty day simple moving average is $55.27 and its 200 day simple moving average is $56.54. Triumph Financial has a one year low of $42.90 and a one year high of $110.58.

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 for the quarter, topping analysts' consensus estimates of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The company had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. On average, sell-side analysts expect that Triumph Financial will post 1.08 earnings per share for the current year.

Insider Activity at Triumph Financial

In related news, CEO Aaron P. Graft sold 6,500 shares of Triumph Financial stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.58% of the company's stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC lifted 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 acquiring an additional 320 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Triumph Financial in the second quarter worth $55,000. Tower Research Capital LLC TRC grew its position in shares of Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after purchasing an additional 195 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Triumph Financial in the second quarter valued at $206,000. Institutional investors own 91.11% of the company's stock.

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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