Stephens Reaffirms “Equal Weight” Rating for Triumph Financial (NASDAQ:TFIN)

Stephens reiterated their equal weight rating on shares of Triumph Financial (NASDAQ:TFIN) in a report issued on Thursday morning,Benzinga reports. They currently have a $109.00 price objective on the stock.

A number of other equities analysts also recently weighed in on TFIN. B. Riley reissued a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson boosted their target price 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 given a hold rating to the company’s stock. According to MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and an average target price of $78.60.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $78.86 on Thursday. Triumph Financial has a 52 week low of $66.85 and a 52 week high of $110.58. 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 business has a 50 day moving average price of $96.15 and a 200-day moving average price of $88.68. The company has a market cap of $1.84 billion, a PE ratio of 146.04 and a beta of 1.24.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 EPS 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%. Equities analysts anticipate that Triumph Financial will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now directly owns 151,533 shares in the company, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.15% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds have recently made changes to their positions in TFIN. Envestnet Asset Management Inc. lifted its position in Triumph Financial by 108.3% during the 2nd 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 lifted its stake in shares of Triumph Financial by 0.8% in 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 purchased a new stake in shares of Triumph Financial during the second quarter valued at approximately $350,000. Sei Investments Co. increased its position in shares of Triumph Financial by 96.7% during the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock valued at $7,355,000 after acquiring an additional 44,233 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in shares of Triumph Financial during the second quarter valued at approximately $209,000. 91.11% of the stock is 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.