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

Shares of Triumph Financial, Inc. (NYSE:TFIN) have earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.75.

Several analysts recently issued reports on the company. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday.

Insiders Place Their Bets

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the firm’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 completion of the purchase, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.51% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors have recently bought and sold shares of the stock. AltraVue Capital LLC grew its stake in Triumph Financial by 22.0% in the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after purchasing an additional 273,718 shares during the period. Ranger Investment Management L.P. grew its stake in Triumph Financial by 48.5% in the first quarter. Ranger Investment Management L.P. now owns 523,251 shares of the company’s stock worth $31,217,000 after purchasing an additional 170,871 shares during the period. Jacobs Asset Management LLC grew its stake in Triumph Financial by 922.0% in the first quarter. Jacobs Asset Management LLC now owns 117,500 shares of the company’s stock worth $7,010,000 after purchasing an additional 106,003 shares during the period. Investment Management Associates Inc. ADV grew its stake in Triumph Financial by 34.2% in the fourth 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 during the period. Finally, SG Americas Securities LLC grew its stake in Triumph Financial by 1,217.8% in the fourth 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 during the period. 91.11% of the stock is owned by institutional investors.

Triumph Financial Stock Up 2.3%

Shares of NYSE TFIN opened at $75.70 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a 52 week low of $46.43 and a 52 week high of $77.84. The firm’s fifty day moving average is $68.48 and its 200 day moving average is $64.63. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 63.61 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. On average, equities research analysts expect that Triumph Financial will post 1.72 earnings per share for the current year.

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.