Brokerages Set Triumph Financial, Inc. (NYSE:TFIN) Target Price at $64.75

Triumph Financial, Inc. (NYSE:TFIN) has received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.75.

TFIN has been the topic of several analyst reports. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings raised shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Triumph Financial in a report on Monday, January 12th.

Triumph Financial Stock Up 2.5%

Shares of NYSE:TFIN opened at $67.35 on Friday. The company has a 50 day moving average price of $60.63. The firm has a market capitalization of $1.60 billion, a PE ratio of 56.59 and a beta of 1.40. Triumph Financial has a fifty-two week low of $46.43 and a fifty-two week high of $77.84. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. On average, equities analysts anticipate that Triumph Financial will post 1.9 EPS for the current year.

Hedge Funds Weigh In On Triumph Financial

A number of institutional investors have recently modified their holdings of the business. AltraVue Capital LLC grew its position in Triumph Financial by 22.0% in the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after buying an additional 273,718 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Triumph Financial by 132.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock worth $18,112,000 after purchasing an additional 206,010 shares in the last quarter. Investment Management Associates Inc. ADV boosted its position in shares of Triumph Financial by 34.2% during the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after purchasing an additional 86,761 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Triumph Financial by 1,217.8% during the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after purchasing an additional 86,454 shares in the last quarter. Finally, Bank of America Corp DE boosted its position 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 purchasing an additional 77,390 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

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.