Stephens Reiterates Equal Weight Rating for Triumph Financial (NASDAQ:TFIN)

Triumph Financial (NASDAQ:TFIN)‘s stock had its “equal weight” rating reaffirmed by research analysts at Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $109.00 target price on the stock. Stephens’ target price points to a potential upside of 33.12% from the stock’s current price.

A number of other analysts also recently commented on TFIN. DA Davidson upped their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. B. Riley reiterated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $78.60.

Triumph Financial Trading Down 11.0 %

Shares of TFIN stock traded down $10.09 on Thursday, reaching $81.88. 64,758 shares of the stock were exchanged, compared to its average volume of 116,525. The stock has a market cap of $1.92 billion, a P/E ratio of 105.49 and a beta of 1.24. 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 50 day moving average of $96.15 and a two-hundred day moving average of $88.68. Triumph Financial has a 1-year low of $66.85 and a 1-year high of $110.58.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data 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 return on equity of 2.64% and a net margin of 4.47%. On average, research analysts anticipate that Triumph Financial will post 0.63 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Triumph Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFIN. Blue Trust Inc. boosted its position in Triumph Financial by 122.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after buying an additional 259 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Triumph Financial during the third quarter worth about $49,000. KBC Group NV lifted its position in shares of Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares during the last quarter. Mechanics Bank Trust Department bought a new position in shares of Triumph Financial during the fourth quarter worth about $202,000. Finally, Profund Advisors LLC bought a new position in shares of Triumph Financial during the second quarter worth about $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.