Triumph Financial (NASDAQ:TFIN) Given Equal Weight Rating at Stephens

Triumph Financial (NASDAQ:TFIN)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $109.00 price target on the stock. Stephens’ target price suggests a potential upside of 33.12% from the company’s current price.

A number of other equities analysts have also recently issued reports on TFIN. B. Riley reissued a “neutral” rating and issued a $65.00 target price on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson raised their price target on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $78.60.

Triumph Financial Stock Performance

NASDAQ TFIN traded down $10.09 during trading hours on Thursday, reaching $81.88. The company’s stock had a trading volume of 64,758 shares, compared to its average volume of 116,525. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $96.15 and a 200 day simple moving average of $88.68. Triumph Financial has a 52 week low of $66.85 and a 52 week high of $110.58. The stock has a market cap of $1.92 billion, a PE ratio of 105.49 and a beta of 1.24.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. Equities research analysts predict that Triumph Financial will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the transaction, the chief executive officer now owns 151,533 shares in the company, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.15% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TFIN. Envestnet Asset Management Inc. increased its stake in shares of Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after acquiring an additional 77,546 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Triumph Financial by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock worth $85,607,000 after buying an additional 8,541 shares in the last quarter. Intech Investment Management LLC bought a new stake in Triumph Financial during the second quarter worth approximately $350,000. Sei Investments Co. boosted its holdings in Triumph Financial by 96.7% during the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock worth $7,355,000 after buying an additional 44,233 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in Triumph Financial during the second quarter worth approximately $209,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.