DA Davidson Cuts Triumph Financial (NASDAQ:TFIN) Price Target to $82.00

Triumph Financial (NASDAQ:TFIN) had its price objective lowered by DA Davidson from $100.00 to $82.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. B. Riley reissued a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Stephens reiterated an “equal weight” rating and set a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $80.00 price objective (down from $85.00) on shares of Triumph Financial in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.20.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $78.63 on Tuesday. Triumph Financial has a twelve month low of $66.85 and a twelve month high of $110.58. The stock’s 50 day moving average is $94.89 and its 200-day moving average is $88.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 145.61 and a beta of 1.24.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. Sell-side analysts forecast that Triumph Financial will post 1.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 151,533 shares in the company, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tectonic Advisors LLC raised its holdings in shares of Triumph Financial by 2.1% in the 4th quarter. Tectonic Advisors LLC now owns 23,190 shares of the company’s stock worth $2,108,000 after purchasing an additional 474 shares during the period. Hodges Capital Management Inc. increased its position in Triumph Financial by 42.3% in the fourth quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock worth $13,490,000 after buying an additional 44,100 shares during the last quarter. Precision Wealth Strategies LLC raised its stake in shares of Triumph Financial by 2.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after buying an additional 141 shares during the period. KBC Group NV lifted its position in shares of Triumph Financial by 51.9% during the 4th quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after buying an additional 414 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after acquiring an additional 204 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Financial

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.