Triumph Financial (NYSE:TFIN) Sets New 1-Year High – Should You Buy?

Triumph Financial, Inc. (NYSE:TFIN)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.90 and last traded at $76.4830, with a volume of 46343 shares changing hands. The stock had previously closed at $75.63.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TFIN shares. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. DA Davidson reissued a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.75.

Triumph Financial Stock Performance

The stock’s 50-day moving average is $68.48 and its 200-day moving average is $64.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 64.12 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The firm had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. On average, analysts expect that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In related news, insider Todd Ritterbusch bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the transaction, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Institutional Trading of Triumph Financial

A number of hedge funds have recently made changes to their positions in TFIN. AltraVue Capital LLC grew its holdings in Triumph Financial by 22.0% during the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after purchasing an additional 273,718 shares in the last quarter. Ranger Investment Management L.P. lifted its holdings in Triumph Financial by 48.5% in the 1st quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after buying an additional 170,871 shares in the last quarter. Jacobs Asset Management LLC boosted its position in Triumph Financial by 922.0% in the 1st quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock valued at $7,010,000 after buying an additional 106,003 shares during the last quarter. Investment Management Associates Inc. ADV grew its stake in shares of Triumph Financial by 34.2% during the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock valued at $21,304,000 after acquiring an additional 86,761 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Triumph Financial by 1,217.8% during the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after acquiring an additional 86,454 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 (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.