Triumph Financial (NASDAQ:TFIN) Stock Rating Lowered by DA Davidson

DA Davidson cut shares of Triumph Financial (NASDAQ:TFINFree Report) from a buy rating to a neutral rating in a research note published on Friday morning, Marketbeat reports. They currently have $72.00 price target on the stock.

A number of other research analysts also recently commented on TFIN. B. Riley lowered their target price on Triumph Financial from $51.00 to $49.00 and set a neutral rating on the stock in a research note on Monday, July 24th. Stephens restated an equal weight rating and issued a $68.00 target price on shares of Triumph Financial in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $62.14.

Check Out Our Latest Analysis on TFIN

Triumph Financial Stock Up 0.8 %

TFIN opened at $70.52 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.64 billion, a PE ratio of 37.12 and a beta of 1.22. The stock’s fifty day moving average is $63.79 and its 200-day moving average is $62.28. Triumph Financial has a one year low of $45.08 and a one year high of $72.62.

Triumph Financial (NASDAQ:TFINGet Free Report) last issued its quarterly earnings results on Thursday, October 19th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. Triumph Financial had a return on equity of 6.09% and a net margin of 10.47%. The business had revenue of $104.74 million for the quarter, compared to the consensus estimate of $107.58 million. On average, equities analysts predict that Triumph Financial will post 1.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Melissa Forman-Barenblit sold 2,300 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.23, for a total transaction of $150,029.00. Following the transaction, the executive vice president now directly owns 11,707 shares in the company, valued at $763,647.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Melissa Forman-Barenblit sold 2,300 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $65.23, for a total transaction of $150,029.00. Following the transaction, the executive vice president now directly owns 11,707 shares in the company, valued at $763,647.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carlos M. Sepulveda bought 7,400 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $20.00 per share, with a total value of $148,000.00. Following the completion of the acquisition, the director now owns 12,798 shares in the company, valued at approximately $255,960. The disclosure for this purchase can be found here. 6.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at $340,000. American International Group Inc. bought a new position in shares of Triumph Financial in the 2nd quarter worth $724,000. Tectonic Advisors LLC bought a new position in shares of Triumph Financial in the 2nd quarter worth $1,262,000. Barclays PLC bought a new position in shares of Triumph Financial in the 2nd quarter worth $2,757,000. Finally, First Dallas Securities Inc. bought a new position in shares of Triumph Financial in the 2nd quarter worth $1,483,000. 85.60% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Company Profile

(Get Free Report)

Triumph Financial Inc, a financial holding company, engages in the provision of payments, factoring, and banking services in the United States. It operates through four segments: Banking, Factoring, Payments, and Corporate. The company offers depository products, including checking, savings, money market and certificates of deposit; and loan products comprising commercial real estate loans, land loans, commercial construction and land development loans, residential real estate loans, commercial agriculture loans, and consumer loans, as well as general commercial and industrial loans, loans to purchase capital equipment, asset-based loans, and business loans for working capital and operational purposes.

See Also

Analyst Recommendations for Triumph Financial (NASDAQ:TFIN)

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