Triumph Financial (NYSE:TFIN) CEO Aaron Graft Sells 652 Shares of Stock

Triumph Financial, Inc. (NYSE:TFIN) CEO Aaron Graft sold 652 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $62.01, for a total value of $40,430.52. Following the transaction, the chief executive officer directly owned 165,526 shares of the company’s stock, valued at approximately $10,264,267.26. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Triumph Financial Stock Up 2.8%

Shares of Triumph Financial stock opened at $62.97 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52-week low of $49.27 and a 52-week high of $83.52. The company has a market capitalization of $1.51 billion, a P/E ratio of 32.78 and a beta of 1.47. The company has a 50 day moving average of $63.50 and a 200 day moving average of $67.09.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Wednesday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). The firm had revenue of $125.67 million for the quarter, compared to analysts’ expectations of $123.11 million. Triumph Financial had a return on equity of 5.57% and a net margin of 8.96%. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on TFIN shares. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. DA Davidson lifted their target price on shares of Triumph Financial from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Raymond James Financial dropped their price objective on shares of Triumph Financial from $89.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods lifted 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 research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus target price of $78.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. Royce & Associates LP acquired a new position in Triumph Financial during the third quarter worth $1,633,000. Maryland State Retirement & Pension System increased its stake in shares of Triumph Financial by 53.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 5,055 shares of the company’s stock worth $303,000 after purchasing an additional 1,767 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Triumph Financial by 7.5% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,555 shares of the company’s stock valued at $753,000 after buying an additional 871 shares in the last quarter. StoneX Group Inc. purchased a new position in Triumph Financial during the third quarter worth $237,000. Finally, CenterBook Partners LP purchased a new stake in shares of Triumph Financial in the third quarter valued at $257,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Financial

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.