Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Triumph Financial (NYSE:TFIN) Stock

Triumph Financial (NYSE:TFIN) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $78.00 to $88.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 8.27% from the stock’s current price.

TFIN has been the topic of a number of other research reports. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.25.

Triumph Financial Stock Up 2.6%

Shares of TFIN opened at $81.28 on Thursday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 54.92 and a beta of 1.39. Triumph Financial has a 52 week low of $46.43 and a 52 week high of $83.52. The stock’s 50-day moving average price is $73.29 and its 200-day moving average price is $66.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a return on equity of 4.72% and a net margin of 7.17%.The company had revenue of $120.24 million during the quarter, compared to analysts’ expectations of $114.67 million. On average, sell-side analysts predict that Triumph Financial will post 1.88 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $67.01 per share, with a total value of $469,070.00. Following the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.51% of the company’s stock.

Institutional Investors Weigh In On Triumph Financial

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its position in shares of Triumph Financial by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after buying an additional 148 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares in the last quarter. Entropy Technologies LP lifted its stake in Triumph Financial by 6.2% in the third quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock worth $255,000 after acquiring an additional 300 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in Triumph Financial by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock worth $675,000 after acquiring an additional 397 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Financial

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.