Triumph Financial (NASDAQ:TFIN) Trading Down 12.1% – What’s Next?

Triumph Financial, Inc. (NASDAQ:TFIN) shares were down 12.1% on Thursday . The company traded as low as $59.45 and last traded at $60.8410. Approximately 197,792 shares were traded during trading, a decline of 14% from the average daily volume of 229,033 shares. The stock had previously closed at $69.18.

Analysts Set New Price Targets

A number of research firms recently commented on TFIN. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a research report on Thursday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. B. Riley Financial reiterated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. Finally, Stephens increased their price target on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Stock Down 8.7%

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 143.56 and a beta of 1.52. 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 fifty day moving average of $65.42 and a two-hundred day moving average of $58.87.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund increased its stake in Triumph Financial by 19.9% in the fourth quarter. New York State Common Retirement Fund now owns 127,721 shares of the company’s stock valued at $7,999,000 after purchasing an additional 21,210 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Triumph Financial by 31.7% in the 4th quarter. Earnest Partners LLC now owns 162,468 shares of the company’s stock valued at $10,175,000 after buying an additional 39,149 shares during the period. Swiss National Bank increased its position in Triumph Financial by 2.1% in the 4th quarter. Swiss National Bank now owns 44,500 shares of the company’s stock valued at $2,787,000 after buying an additional 900 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Triumph Financial in the 4th quarter valued at about $234,000. Finally, Deutsche Bank AG raised its stake in Triumph Financial by 25.5% during the 4th quarter. Deutsche Bank AG now owns 55,858 shares of the company’s stock worth $3,498,000 after buying an additional 11,359 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.