Triumph Financial (NASDAQ:TFIN) Earns “Neutral” Rating from B. Riley

Triumph Financial (NASDAQ:TFIN)‘s stock had its “neutral” rating reaffirmed by B. Riley in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $65.00 target price on the stock. B. Riley’s target price would indicate a potential downside of 15.10% from the stock’s current price.

TFIN has been the topic of several other reports. Piper Sandler upped their price objective on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. DA Davidson boosted their target price on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $75.00 to $70.00 in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.60.

Triumph Financial Price Performance

TFIN stock opened at $76.56 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company’s fifty day moving average price is $82.81 and its 200-day moving average price is $78.91. Triumph Financial has a one year low of $56.91 and a one year high of $95.46. The company has a market capitalization of $1.79 billion, a PE ratio of 58.44 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million during the quarter, compared to analysts’ expectations of $103.43 million. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities analysts anticipate that Triumph Financial will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now owns 39,698 shares in the company, valued at $3,231,814.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the sale, the executive vice president now directly owns 32,285 shares in the company, valued at approximately $2,817,511.95. The disclosure for this sale can be found here. Company insiders own 6.15% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

A number of hedge funds have recently made changes to their positions in TFIN. Kayne Anderson Rudnick Investment Management LLC grew its stake in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after purchasing an additional 1,896,348 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Triumph Financial by 7.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after buying an additional 79,777 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Triumph Financial by 108.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after buying an additional 77,546 shares in the last quarter. American Century Companies Inc. grew its position in shares of Triumph Financial by 12.6% in 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 during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Triumph Financial by 96.7% during the 2nd quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock worth $7,355,000 after acquiring an additional 44,233 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

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.