Triumph Financial (NASDAQ:TFIN) Shares Gap Up – Here’s Why

Triumph Financial, Inc. (NASDAQ:TFIN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $70.56, but opened at $75.05. Triumph Financial shares last traded at $69.6650, with a volume of 34,560 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on TFIN. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Thursday. Stephens upped their target price on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. B. Riley reissued a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Triumph Financial Trading Up 2.7%

The firm has a market cap of $1.55 billion, a P/E ratio of 147.78 and a beta of 1.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business’s 50-day moving average is $63.10 and its two-hundred day moving average is $58.59.

Insider Transactions at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Triumph Financial

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after purchasing an additional 11,694 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Triumph Financial by 45.2% during the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after buying an additional 564 shares during the period. State of Alaska Department of Revenue boosted its holdings in Triumph Financial by 8.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 13,221 shares of the company’s stock valued at $728,000 after purchasing an additional 1,048 shares during the period. Finally, Tectonic Advisors LLC increased its stake in Triumph Financial by 13.7% during the 2nd quarter. Tectonic Advisors LLC now owns 30,098 shares of the company’s stock worth $1,659,000 after acquiring an additional 3,629 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.