Triumph Financial, Inc. (NYSE:TFIN) Stock Has Consensus Target Price of $84.80

Shares of Triumph Financial, Inc. (NYSE:TFIN) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $84.80.

Several analysts have recently weighed in on TFIN shares. B. Riley Financial raised Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Friday. Raymond James Financial reduced their price objective on Triumph Financial from $89.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Friday, August 7th. 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, DA Davidson upped their price target on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th.

Insiders Place Their Bets

In other news, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the sale, the executive vice president owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Edward Schreyer sold 2,900 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the transaction, the executive vice president directly owned 15,534 shares in the company, valued at approximately $1,145,632.50. This represents a 15.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Institutional Trading of Triumph Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Triumph Financial in the 2nd quarter worth $43,000. Squarepoint Ops LLC acquired a new position in shares of Triumph Financial during the second quarter worth about $1,874,000. Nykredit A S acquired a new position in shares of Triumph Financial during the second quarter worth about $105,000. Corient Private Wealth LP purchased a new position in Triumph Financial during the second quarter worth about $230,000. Finally, HighTower Advisors LLC purchased a new position in Triumph Financial during the second quarter worth about $216,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $62.30 on Monday. The firm has a market capitalization of $1.49 billion, a P/E ratio of 42.09 and a beta of 1.53. Triumph Financial has a 52 week low of $46.43 and a 52 week high of $83.52. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $70.15 and its two-hundred day moving average is $69.12.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The company had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Research analysts forecast that Triumph Financial will post 1.91 EPS for the current fiscal year.

About Triumph Financial

Triumph Financial, Inc is a financial technology and banking company based in Dallas, Texas. The company provides specialized financial products and payment solutions, with a particular focus on the transportation industry and the businesses that support it.

Its operations include transportation factoring, which provides working capital to motor carriers by purchasing their outstanding freight invoices. Triumph Financial also operates TriumphPay, a payments platform designed to facilitate, automate and manage transactions among carriers, brokers and other participants in the freight industry.

Through its banking operations, the company offers commercial banking products and services to businesses and consumers, including deposit accounts, lending and treasury management solutions.