Triumph Financial (NYSE:TFIN) Stock: Insider Aaron Graft Sells 11,883 Shares

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 11,883 shares of Triumph Financial stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $62.14, for a total value of $738,409.62. Following the completion of the transaction, the chief executive officer directly owned 169,303 shares in the company, valued at approximately $10,520,488.42. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $61.59 on Wednesday. The business’s 50 day simple moving average is $63.30 and its 200 day simple moving average is $67.04. Triumph Financial, Inc. has a one year low of $49.27 and a one year high of $83.52. The stock has a market capitalization of $1.47 billion, a PE ratio of 31.85 and a beta of 1.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02.

Triumph Financial (NYSE:TFIN) last released its earnings results on Wednesday, October 21st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. The firm had revenue of $125.67 million for the quarter, compared to analyst estimates of $123.11 million. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.97 earnings per share for the current year.

Institutional Trading of Triumph Financial

Several hedge funds have recently modified their holdings of TFIN. GAMMA Investing LLC boosted its stake in Triumph Financial by 32.2% during the third quarter. GAMMA Investing LLC now owns 718 shares of the company’s stock worth $43,000 after acquiring an additional 175 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Triumph Financial by 121.9% in the third quarter. Sterling Capital Management LLC now owns 608 shares of the company’s stock worth $36,000 after purchasing an additional 334 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Triumph Financial by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock worth $675,000 after purchasing an additional 397 shares during the period. Quantbot Technologies LP bought a new stake in Triumph Financial in the second quarter valued at $40,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Triumph Financial in the second quarter valued at $43,000. Institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Triumph Financial from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Raymond James Financial cut their price target on shares of Triumph Financial from $89.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, September 25th. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Stephens lifted their price objective on Triumph Financial from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Triumph Financial has an average rating of “Hold” and a consensus price target of $78.80.

Triumph Financial Company Profile

Triumph Financial, Inc. is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank. TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.