Insider Selling: Triumph Financial (NYSE:TFIN) CEO Sells $40,430.52 in Stock

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 652 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $62.01, for a total transaction of $40,430.52. Following the transaction, the chief executive officer owned 165,526 shares in the company, valued at approximately $10,264,267.26. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $60.87 on Thursday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 31.10 and a beta of 1.47. 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 company has a 50 day moving average price of $63.14 and a 200 day moving average price of $67.00. Triumph Financial, Inc. has a 52 week low of $49.27 and a 52 week high of $83.52.

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

Wall Street Analyst Weigh In

TFIN has been the topic of a number of research analyst reports. B. Riley Financial raised shares of Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Friday, October 2nd. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Stephens raised their target price on Triumph Financial from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Raymond James Financial lowered their price target on Triumph Financial from $89.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, September 25th. Finally, Keefe, Bruyette & Woods boosted their price target on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $78.80.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFIN. BlackRock Inc. acquired a new position in shares of Triumph Financial in the 2nd quarter valued at about $259,022,000. Dimensional Fund Advisors LP grew its holdings in Triumph Financial by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock worth $49,641,000 after acquiring an additional 3,530 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Triumph Financial during the second quarter worth about $49,047,000. Ranger Investment Management L.P. grew its holdings in Triumph Financial by 48.5% during the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after acquiring an additional 170,871 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Triumph Financial during the second quarter valued at approximately $38,807,000. 91.11% of the stock is owned by institutional investors and hedge funds.

About Triumph Financial

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.