Insider Selling: Triumph Financial (NYSE:TFIN) CEO Sells $932,602.88 in Stock

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 14,848 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $62.81, for a total value of $932,602.88. Following the transaction, the chief executive officer directly owned 150,678 shares in the company, valued at approximately $9,464,085.18. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Triumph Financial Price Performance

TFIN stock opened at $60.87 on Thursday. Triumph Financial, Inc. has a 52-week low of $49.27 and a 52-week high of $83.52. The stock’s fifty day simple moving average is $63.14 and its 200-day simple moving average is $67.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 31.10 and a beta of 1.47.

Triumph Financial (NYSE:TFIN) last released its earnings results on Wednesday, October 21st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.08). Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. The business had revenue of $125.67 million during the quarter, compared to analyst estimates of $123.11 million. Equities research analysts expect that Triumph Financial, Inc. will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TFIN. BlackRock Inc. acquired a new stake in shares of Triumph Financial in the second quarter worth $259,022,000. Dimensional Fund Advisors LP lifted its holdings in shares of Triumph Financial by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock valued at $49,641,000 after acquiring an additional 3,530 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Triumph Financial during the 2nd quarter valued at $49,047,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Triumph Financial during the 2nd quarter valued at $38,807,000. Finally, Bank of America Corp DE purchased a new stake in Triumph Financial during the 2nd quarter worth $38,256,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on TFIN shares. Stephens lifted their price target on Triumph Financial from $67.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, October 23rd. DA Davidson increased their price objective on shares of Triumph Financial from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, October 27th. B. Riley Financial raised shares of Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, October 2nd. Keefe, Bruyette & Woods raised their target price on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus price target of $78.80.

Triumph Financial Company Profile

Triumph Financial, Inc. is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank. TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.