Triumph Financial (NASDAQ:TFIN) Given New $82.00 Price Target at DA Davidson

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

A number of other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods restated an “underperform” rating and set a $80.00 price objective (down previously from $85.00) on shares of Triumph Financial in a research report on Friday, January 24th. Stephens reaffirmed an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, B. Riley reiterated a “neutral” rating and set a $65.00 target price on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Triumph Financial presently has an average rating of “Hold” and an average target price of $80.20.

Triumph Financial Stock Up 2.8 %

Shares of NASDAQ TFIN opened at $78.63 on Tuesday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 145.61 and a beta of 1.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a 12 month low of $66.85 and a 12 month high of $110.58. The stock has a 50-day moving average price of $94.89 and a two-hundred day moving average price of $88.59.

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

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 13,500 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value 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. The trade was a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Triumph Financial by 122.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Triumph Financial during the 3rd quarter worth approximately $49,000. KBC Group NV increased its stake in shares of Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after acquiring an additional 253 shares in the last quarter. Mechanics Bank Trust Department acquired a new position in shares of Triumph Financial during the 4th quarter valued at $202,000. Finally, Cottonwood Capital Advisors LLC bought a new position in Triumph Financial during the fourth quarter worth $215,000. 91.11% of the stock is owned by 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.