Triumph Financial (NYSE:TFIN) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Triumph Financial (NYSE:TFIN) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Several other research firms also recently commented on TFIN. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Stock Performance

TFIN opened at $73.74 on Monday. The business has a fifty day simple moving average of $68.21 and a 200 day simple moving average of $64.53. The company has a market capitalization of $1.76 billion, a PE ratio of 61.97 and a beta of 1.39. Triumph Financial has a 1 year low of $46.43 and a 1 year high of $77.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%. Research analysts expect that Triumph Financial will post 1.72 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of Triumph Financial stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares in the company, valued at $1,528,096.04. This represents a 44.29% increase in their position. The SEC filing for this purchase provides additional information. 5.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Triumph Financial by 73.8% in the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after buying an additional 11,694 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after acquiring an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 acquiring an additional 564 shares during the period. Norges Bank acquired a new stake in shares of Triumph Financial during the 2nd quarter worth approximately $304,000. Finally, First Trust Advisors LP boosted its position in shares of Triumph Financial by 59.8% during the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after acquiring an additional 9,052 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Company Profile

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.