Zacks Research Upgrades Triumph Financial (NYSE:TFIN) to “Strong-Buy”

Triumph Financial (NYSE:TFIN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

TFIN has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.75.

Triumph Financial Price Performance

NYSE:TFIN opened at $73.74 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial has a one year low of $46.43 and a one year high of $77.84. The company has a fifty day moving average price of $68.21 and a 200 day moving average price of $64.53. The stock has a market cap of $1.76 billion, a P/E ratio of 61.97 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $106.88 million. Analysts anticipate that Triumph Financial will post 1.72 earnings per share for the current year.

Insider Transactions at Triumph Financial

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

Institutional Investors Weigh In On Triumph Financial

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its holdings in shares of Triumph Financial by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after buying an additional 148 shares in the last quarter. 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 valued at $31,000 after purchasing an additional 155 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Triumph Financial by 9.3% during the 2nd 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. EverSource Wealth Advisors LLC boosted its stake in Triumph Financial by 66.8% in the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Triumph Financial by 0.3% during the third quarter. Rhumbline Advisers now owns 63,803 shares of the company’s stock worth $3,193,000 after purchasing an additional 211 shares during the last quarter. 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.