Triumph Financial, Inc. (NYSE:TFIN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Triumph Financial, Inc. (NYSE:TFIN) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $64.75.

A number of analysts recently commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. 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 report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th.

Triumph Financial Stock Up 0.2%

NYSE:TFIN opened at $66.91 on Tuesday. 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 business’s 50-day moving average price is $62.54. Triumph Financial has a 52-week low of $46.43 and a 52-week high of $77.84. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 56.22 and a beta of 1.40.

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

Insiders Place Their Bets

In related news, insider Todd Ritterbusch acquired 7,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the acquisition, the insider owned 22,804 shares in the company, valued at approximately $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Diamond Hill Capital Management Inc. lifted its position in shares of Triumph Financial by 132.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after acquiring an additional 206,010 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Triumph Financial in the 3rd quarter worth approximately $823,000. Barrow Hanley Mewhinney & Strauss LLC grew its position 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 in the last quarter. M&T Bank Corp raised its stake in Triumph Financial by 235.5% during the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after purchasing an additional 28,519 shares during the period. Finally, Investment Management Associates Inc. ADV raised its stake in Triumph Financial by 34.2% during the 4th 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. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Company Profile

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.