Triumph Financial (NASDAQ:TFIN) Shares Up 6.7% – Here’s Why

Triumph Financial, Inc. (NASDAQ:TFIN)’s stock price was up 6.7% on Tuesday . The company traded as high as $61.28 and last traded at $61.16. Approximately 106,543 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 240,442 shares. The stock had previously closed at $57.34.

Wall Street Analysts Forecast Growth

TFIN has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Thursday, January 29th. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, B. Riley Financial reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Trading Down 2.6%

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 136.12 and a beta of 1.50. The firm has a 50-day moving average price of $64.75 and a 200 day moving average price of $59.33.

Insider Buying and Selling at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $65.18, for a total value of $195,540.00. Following the transaction, the executive vice president directly owned 24,832 shares in the company, valued at approximately $1,618,549.76. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.58% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Triumph Financial by 85.4% in the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock valued at $25,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Triumph Financial by 66.8% during the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after buying an additional 209 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares during the last quarter. AlphaQuest LLC bought a new position in Triumph Financial in the 3rd quarter worth approximately $56,000. Finally, PNC Financial Services Group Inc. grew its holdings in Triumph Financial by 28.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after buying an additional 514 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.