Triumph Financial (NASDAQ:TFIN) PT Raised to $84.00 at DA Davidson

Triumph Financial (NASDAQ:TFIN - Free Report) had its price target hoisted by DA Davidson from $74.00 to $84.00 in a report released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $75.00 to $70.00 in a report on Friday, July 19th. Stephens restated an "equal weight" rating and set a $74.00 price objective on shares of Triumph Financial in a report on Thursday, July 18th. Piper Sandler increased their target price on Triumph Financial from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Friday, July 19th. Finally, B. Riley restated a "neutral" rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two research 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, Triumph Financial presently has a consensus rating of "Hold" and an average price target of $71.60.

Triumph Financial Stock Performance

TFIN stock traded up $2.35 during trading hours on Friday, reaching $89.46. The stock had a trading volume of 225,964 shares, compared to its average volume of 157,235. The stock has a 50-day simple moving average of $80.88 and a 200 day simple moving average of $79.02. Triumph Financial has a fifty-two week low of $56.91 and a fifty-two week high of $95.46. The stock has a market capitalization of $2.09 billion, a PE ratio of 81.33 and a beta of 1.20. 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 (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same period last year, the business posted $0.51 EPS. Analysts predict that Triumph Financial will post 0.67 EPS for the current fiscal year.

Insider Activity

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the sale, the chief operating officer now owns 39,698 shares of the company's stock, valued at $3,231,814.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Triumph Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Triumph Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company's stock valued at $157,382,000 after buying an additional 29,858 shares in the last quarter. First Hawaiian Bank acquired a new position in Triumph Financial during the second quarter valued at approximately $720,000. Sei Investments Co. lifted its stake in Triumph Financial by 77.9% during the first quarter. Sei Investments Co. now owns 45,741 shares of the company's stock worth $3,628,000 after purchasing an additional 20,026 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Triumph Financial during the first quarter worth $988,000. Finally, American Century Companies Inc. raised its holdings in shares of Triumph Financial by 12.6% during the 2nd quarter. American Century Companies Inc. now owns 570,688 shares of the company's stock worth $46,654,000 after buying an additional 63,760 shares in the last quarter. Institutional investors 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.