Triumph Financial (NYSE:TFIN) EVP Edward Joseph Schreyer Sells 2,900 Shares of Stock

Triumph Financial, Inc. (NYSE:TFIN) EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the sale, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Triumph Financial Stock Performance

Shares of TFIN opened at $74.85 on Friday. The firm has a market cap of $1.79 billion, a P/E ratio of 50.57 and a beta of 1.39. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $83.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $76.54 and its two-hundred day moving average price is $68.16.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. On average, analysts forecast that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Friday, August 7th. DA Davidson boosted their target price on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods upped their price target on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Stephens lifted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and an average price target of $85.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Nykredit A S bought a new stake in shares of Triumph Financial during the 2nd quarter worth approximately $105,000. Susquehanna Fundamental Investments LLC increased its holdings in Triumph Financial by 66.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 39,233 shares of the company’s stock worth $2,994,000 after buying an additional 15,676 shares during the last quarter. Corient Private Wealth LP bought a new stake in Triumph Financial during the second quarter worth $227,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in Triumph Financial during the second quarter worth $6,240,708,000. Finally, Bank of America Corp DE acquired a new stake in Triumph Financial in the second quarter valued at $38,256,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

About Triumph Financial

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.