Triumph Financial (NASDAQ:TFIN) Shares Gap Up – Here’s Why

Triumph Financial, Inc. (NASDAQ:TFIN)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $70.56, but opened at $75.05. Triumph Financial shares last traded at $69.6650, with a volume of 34,560 shares.

Analyst Upgrades and Downgrades

TFIN has been the topic of several recent research reports. Stephens upped their price objective on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Friday, October 17th. DA Davidson reiterated a “neutral” rating and issued a $63.00 target price on shares of Triumph Financial in a research note on Thursday, October 16th. Finally, B. Riley reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and an average target price of $62.00.

Triumph Financial Stock Down 5.3%

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 151.81 and a beta of 1.48. The business’s 50 day moving average is $62.55 and its 200-day moving average is $58.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $65.18, for a total value of $195,540.00. Following the transaction, the executive vice president directly owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. This trade represents a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in shares of Triumph Financial by 46.1% in 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 last quarter. State of Alaska Department of Revenue lifted its holdings in Triumph Financial by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock valued at $719,000 after purchasing an additional 148 shares in the last quarter. Sippican Capital Advisors lifted its holdings in Triumph Financial by 6.7% in the 4th quarter. Sippican Capital Advisors now owns 72,948 shares of the company’s stock valued at $4,569,000 after purchasing an additional 4,585 shares in the last quarter. Red Door Wealth Management LLC acquired a new stake in Triumph Financial during the 4th quarter worth $233,000. Finally, SG Americas Securities LLC grew its holdings in shares of Triumph Financial by 1,217.8% during the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after buying an additional 86,454 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

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.