Triumph Financial (NASDAQ:TFIN) Shares Gap Up – Still a Buy?

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $50.60, but opened at $53.55. Triumph Financial shares last traded at $53.6090, with a volume of 2,986 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TFIN. B. Riley raised shares of Triumph Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $70.00 in a research note on Monday, October 20th. Stephens lifted their price target on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Finally, DA Davidson restated a “neutral” rating and set a $63.00 price objective on shares of Triumph Financial in a research report on Thursday, October 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Triumph Financial Stock Performance

The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 120.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $53.30 and a two-hundred day simple moving average of $57.13.

Institutional Trading of Triumph Financial

Large investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Triumph Financial by 12.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock worth $172,921,000 after buying an additional 330,165 shares during the last quarter. State Street Corp increased its stake in Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after buying an additional 23,678 shares during the period. AltraVue Capital LLC lifted its stake in shares of Triumph Financial by 0.8% in the 3rd quarter. AltraVue Capital LLC now owns 1,242,159 shares of the company’s stock worth $62,158,000 after acquiring an additional 10,450 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after acquiring an additional 35,905 shares during the period. Finally, Geode Capital Management LLC lifted its position in Triumph Financial by 2.7% in the second quarter. Geode Capital Management LLC now owns 544,497 shares of the company’s stock valued at $30,011,000 after purchasing an additional 14,201 shares during the period. Institutional investors and hedge funds 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.