Todd Ritterbusch Buys 7,000 Shares of Triumph Financial (NYSE:TFIN) Stock

Triumph Financial, Inc. (NYSE:TFIN) insider Todd Ritterbusch purchased 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Triumph Financial Stock Performance

NYSE:TFIN opened at $64.53 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $1.54 billion, a PE ratio of 54.22 and a beta of 1.40. Triumph Financial, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $77.84. The business’s fifty day moving average is $61.51.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Research analysts forecast that Triumph Financial, Inc. will post 1.9 earnings per share for the current year.

Institutional Trading of Triumph Financial

A number of hedge funds have recently bought and sold shares of TFIN. State of Alaska Department of Revenue raised its stake in Triumph Financial by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after purchasing an additional 148 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Triumph Financial by 46.1% in the 4th 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 period. Arizona State Retirement System grew its stake in shares of Triumph Financial by 2.9% in the 3rd quarter. Arizona State Retirement System now owns 6,655 shares of the company’s stock valued at $333,000 after buying an additional 189 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after buying an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Triumph Financial by 66.8% during the 3rd 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 period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TFIN. Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. DA Davidson restated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.75.

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.