Triumph Financial (NASDAQ:TFIN) Shares Gap Down – Should You Sell?

Triumph Financial, Inc. (NASDAQ:TFIN) shares gapped down before the market opened on Monday . The stock had previously closed at $69.20, but opened at $67.00. Triumph Financial shares last traded at $67.5310, with a volume of 14,363 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TFIN shares. B. Riley reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a research note on Monday. DA Davidson reiterated a “neutral” rating and set a $63.00 target price on shares of Triumph Financial in a research report on Thursday, October 16th. Finally, Stephens upped their price target on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.00.

Triumph Financial Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $59.61 and its two-hundred day moving average price is $58.12. The stock has a market cap of $1.64 billion, a PE ratio of 157.22 and a beta of 1.48.

Insider Transactions at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.58% of the stock is owned by company insiders.

Institutional Trading of Triumph Financial

Several institutional investors have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. lifted its position in Triumph Financial by 132.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock worth $18,112,000 after buying an additional 206,010 shares in the last quarter. Marshall Wace LLP raised its stake in Triumph Financial by 130.2% in the second quarter. Marshall Wace LLP now owns 303,374 shares of the company’s stock valued at $16,719,000 after buying an additional 171,580 shares in the last quarter. Investment Management Associates Inc. ADV raised its position in shares of Triumph Financial by 113.6% during the 2nd quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock worth $13,644,000 after acquiring an additional 131,678 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Triumph Financial by 1,217.8% in the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after buying an additional 86,454 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 20.3% in the second quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock valued at $25,301,000 after acquiring an additional 77,390 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.