Triumph Financial (NYSE:TFIN) CEO Sells $738,409.62 in Stock

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 11,883 shares of Triumph Financial stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $62.14, for a total value of $738,409.62. Following the sale, the chief executive officer owned 169,303 shares of the company’s stock, valued at approximately $10,520,488.42. This trade represents a 6.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Triumph Financial Stock Down 1.2%

TFIN stock opened at $60.87 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $63.14 and its 200 day moving average is $67.00. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 31.10 and a beta of 1.47. Triumph Financial, Inc. has a 1-year low of $49.27 and a 1-year high of $83.52.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Wednesday, October 21st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Triumph Financial had a net margin of 8.96% and a return on equity of 5.57%. The company had revenue of $125.67 million during the quarter, compared to analysts’ expectations of $123.11 million. Sell-side analysts predict that Triumph Financial, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TFIN. B. Riley Financial upgraded shares of Triumph Financial from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Friday, October 2nd. Stephens lifted their price objective on shares of Triumph Financial from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Wednesday, November 4th. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods increased their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $78.80.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in TFIN. GAMMA Investing LLC boosted its stake in shares of Triumph Financial by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 718 shares of the company’s stock valued at $43,000 after purchasing an additional 175 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Triumph Financial by 121.9% during the 3rd quarter. Sterling Capital Management LLC now owns 608 shares of the company’s stock valued at $36,000 after purchasing an additional 334 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Triumph Financial by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock valued at $675,000 after purchasing an additional 397 shares during the last quarter. Quantbot Technologies LP purchased a new position in Triumph Financial in the 2nd quarter worth $40,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Triumph Financial in the 2nd quarter worth $43,000. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Company Profile

Triumph Financial, Inc. is a financial services company focused on payments, factoring and banking, with a particular emphasis on the transportation industry. Its services include freight-payment solutions through TriumphPay, invoice factoring through Triumph Business Capital and commercial banking through TBK Bank. TriumphPay connects freight brokers, carriers and other participants in the transportation-payment process, offering tools for invoice management, payment processing and related services.