Triumph Financial (NYSE:TFIN) Hits New 1-Year High – Still a Buy?

Triumph Financial, Inc. (NYSE:TFIN)’s share price reached a new 52-week high on Wednesday . The company traded as high as $78.50 and last traded at $77.5160, with a volume of 38997 shares trading hands. The stock had previously closed at $76.31.

Analyst Ratings Changes

A number of analysts have issued reports on TFIN shares. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $69.96 and its 200-day moving average price is $65.31. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 64.62 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly 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. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The firm had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. Analysts expect that Triumph Financial, Inc. will post 1.88 earnings per share for the current year.

Insider Transactions at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the transaction, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the transaction, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Several large investors have recently modified their holdings of TFIN. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Triumph Financial by 4.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after purchasing an additional 35,905 shares during the period. Investment Management Associates Inc. ADV increased 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 valued at $21,304,000 after purchasing an additional 86,761 shares during the period. M&T Bank Corp raised its holdings in shares of Triumph Financial by 235.5% in the fourth quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after buying an additional 28,519 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Triumph Financial by 1,217.8% in the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after buying an additional 86,454 shares during the last quarter. Finally, Empirical Capital Management LLC acquired a new stake in shares of Triumph Financial during the fourth quarter worth about $1,298,000. 91.11% of the stock is owned by institutional investors and hedge funds.

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.