Triumph Financial (NYSE:TFIN) Sees Unusually-High Trading Volume – Time to Buy?

Triumph Financial, Inc. (NYSE:TFIN) saw unusually-strong trading volume on Thursday . 212,561 shares were traded during trading, a decline of 17% from the previous session’s volume of 254,675 shares.The stock last traded at $79.7570 and had previously closed at $78.39.

Analysts Set New Price Targets

Several brokerages have commented on TFIN. Zacks Research upgraded shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. DA Davidson restated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Triumph Financial Trading Up 2.0%

The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 66.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day moving average of $71.89 and a 200-day moving average of $66.19.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The company had revenue of $105.80 million for the quarter, compared to analyst estimates of $106.88 million. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.88 EPS for the current year.

Insiders Place Their Bets

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the transaction, the executive vice president directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 the firm’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price 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 trade 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 corporate insiders.

Hedge Funds Weigh In On Triumph Financial

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after acquiring an additional 11,694 shares during the period. AQR Capital Management LLC increased its holdings in shares of Triumph Financial by 45.2% in the first quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after purchasing an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Triumph Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after purchasing an additional 564 shares during the last quarter. Norges Bank acquired a new stake in shares of Triumph Financial during the second quarter worth $304,000. Finally, First Trust Advisors LP increased its stake in shares of Triumph Financial by 59.8% during the second 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 during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.