Insider Selling: Triumph Financial (NASDAQ:TFIN) EVP Sells 3,000 Shares of Stock

Triumph Financial, Inc. (NASDAQ:TFIN) EVP Adam Nelson sold 3,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the transaction, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. This represents a 10.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Triumph Financial Price Performance

Shares of TFIN traded down $1.13 during trading hours on Friday, hitting $62.21. 651,410 shares of the company were exchanged, compared to its average volume of 231,017. 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 company has a market capitalization of $1.48 billion, a PE ratio of 141.39 and a beta of 1.50. The firm has a fifty day simple moving average of $55.88 and a 200-day simple moving average of $57.15. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $93.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Triumph Financial by 12.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock valued at $172,921,000 after acquiring an additional 330,165 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Triumph Financial by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after purchasing an additional 206,010 shares during the period. Marshall Wace LLP raised its position in shares of Triumph Financial by 130.2% in the second quarter. Marshall Wace LLP now owns 303,374 shares of the company’s stock valued at $16,719,000 after purchasing an additional 171,580 shares during the period. Investment Management Associates Inc. ADV lifted its stake in shares of Triumph Financial by 113.6% in the second quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after buying an additional 131,678 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after buying an additional 77,390 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TFIN shares. B. Riley raised shares of Triumph Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $70.00 in a research note on Monday, October 20th. DA Davidson reiterated a “neutral” rating and set a $63.00 price target on shares of Triumph Financial in a report on Thursday, October 16th. Finally, Stephens upped their price target on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and a consensus price target of $62.00.

About Triumph Financial

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.