Triumph Financial (NASDAQ:TFIN) Shares Down 12.1% – Here’s What Happened

Triumph Financial, Inc. (NASDAQ:TFIN) was down 12.1% during mid-day trading on Thursday . The company traded as low as $59.45 and last traded at $60.8410. Approximately 197,792 shares were traded during trading, a decline of 14% from the average daily volume of 229,033 shares. The stock had previously closed at $69.18.

Analyst Upgrades and Downgrades

TFIN has been the subject of several research analyst reports. DA Davidson reiterated a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a report on Thursday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Stephens increased their target price on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. Finally, B. Riley Financial restated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Stock Down 8.7%

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day moving average of $65.42 and a 200 day moving average of $58.87. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 143.56 and a beta of 1.52.

Insider Activity at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. This 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. Insiders own 5.58% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of Triumph Financial by 85.4% during the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after buying an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $26,000 after acquiring an additional 209 shares during the period. Farther Finance Advisors LLC boosted 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 worth $31,000 after acquiring an additional 155 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Triumph Financial during the second quarter worth approximately $55,000. Finally, AlphaQuest LLC acquired a new stake in Triumph Financial during the 3rd quarter worth approximately $56,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Financial

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.