Triumph Financial (NYSE:TFIN) Sets New 52-Week High – Here’s What Happened

Shares of Triumph Financial, Inc. (NYSE:TFIN) hit a new 52-week high on Thursday . The stock traded as high as $77.90 and last traded at $76.4830, with a volume of 46343 shares trading hands. The stock had previously closed at $75.63.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TFIN. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Price Performance

The company has a 50 day moving average of $69.07 and a two-hundred day moving average of $64.82. The firm has a market cap of $1.83 billion, a P/E ratio of 64.53 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Sell-side analysts expect that Triumph Financial, Inc. will post 1.76 EPS for the current year.

Insider Activity at Triumph Financial

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

Institutional Investors Weigh In On Triumph Financial

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Triumph Financial by 66.8% during the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Triumph Financial in the 4th quarter valued at approximately $174,000. 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.