Triumph Financial’s (TFIN) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of Triumph Financial (NASDAQ:TFIN) in a report issued on Thursday,Benzinga reports. The brokerage currently has a $60.00 price objective on the stock.

A number of other equities analysts also recently issued reports on TFIN. Keefe, Bruyette & Woods increased their price objective on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday. Stephens increased their target price on Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Finally, B. Riley reiterated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Price Performance

TFIN stock opened at $63.25 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12-month low of $42.90 and a 12-month high of $79.07. The firm’s 50-day moving average price is $63.58 and its two-hundred day moving average price is $58.59. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 143.75 and a beta of 1.48.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. State of Alaska Department of Revenue raised its stake in shares of Triumph Financial by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock valued at $719,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Triumph Financial by 46.1% during 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 period. Arizona State Retirement System raised its position in Triumph Financial by 2.9% during the third quarter. Arizona State Retirement System now owns 6,655 shares of the company’s stock valued at $333,000 after acquiring an additional 189 shares in the last quarter. Inceptionr LLC raised its position in Triumph Financial by 4.2% during the second quarter. Inceptionr LLC now owns 4,747 shares of the company’s stock valued at $262,000 after acquiring an additional 192 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 195 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 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.