Zacks Research Downgrades Triumph Financial (NYSE:TFIN) to Hold

Triumph Financial (NYSE:TFIN) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. B. Riley Financial lifted their target price on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. DA Davidson upped their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Stephens raised their price target on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.00.

Triumph Financial Stock Down 1.6%

Shares of NYSE:TFIN opened at $75.83 on Tuesday. The firm has a 50 day simple moving average of $74.67 and a 200-day simple moving average of $67.16. Triumph Financial has a twelve month low of $46.43 and a twelve month high of $83.52. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.81 billion, a PE ratio of 51.24 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The firm had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. On average, equities analysts predict that Triumph Financial will post 1.8 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently modified their holdings of TFIN. AltraVue Capital LLC grew its holdings in shares of Triumph Financial by 22.0% during the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after buying an additional 273,718 shares in the last quarter. Ranger Investment Management L.P. lifted its stake in shares of Triumph Financial by 48.5% during the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock valued at $31,217,000 after buying an additional 170,871 shares during the period. Jacobs Asset Management LLC boosted its position in Triumph Financial by 922.0% during the first quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock worth $7,010,000 after acquiring an additional 106,003 shares during the last quarter. Investment Management Associates Inc. ADV boosted its position in Triumph Financial by 34.2% during the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after acquiring an additional 86,761 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Triumph Financial by 21.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 439,895 shares of the company’s stock valued at $27,551,000 after purchasing an additional 77,942 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

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.