Triumph Financial (NYSE:TFIN) Sets New 1-Year High – Time to Buy?

Triumph Financial, Inc. (NYSE:TFIN)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $80.57 and last traded at $79.52, with a volume of 770758 shares trading hands. The stock had previously closed at $78.39.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson restated a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research note on Wednesday, April 22nd. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. One equities research 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.com, the company currently has a consensus rating of “Hold” and an average target price of $64.75.

Triumph Financial Price Performance

The business’s 50-day simple moving average is $72.13 and its two-hundred day simple moving average is $66.30. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 66.82 and a beta of 1.39. 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 released its quarterly earnings results 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. 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 analysts’ expectations of $106.88 million. Research analysts expect that Triumph Financial, Inc. will post 1.88 earnings per share for the current year.

Insider Activity at Triumph Financial

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

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently modified their holdings of TFIN. Farther Finance Advisors LLC increased 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 purchasing an additional 155 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after buying an additional 195 shares during the period. Los Angeles Capital Management LLC acquired a new position in Triumph Financial during the 4th quarter worth about $174,000. Amundi grew its position in shares of Triumph Financial by 15.3% in the 3rd quarter. Amundi now owns 4,156 shares of the company’s stock valued at $202,000 after buying an additional 550 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Triumph Financial in the 4th quarter valued at about $206,000. Institutional investors and hedge funds 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.