DA Davidson Has Lowered Expectations for Triumph Financial (NASDAQ:TFIN) Stock Price

Triumph Financial (NASDAQ:TFIN) had its target price decreased by investment analysts at DA Davidson from $100.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 4.58% from the company’s current price.

TFIN has been the topic of a number of other research reports. Stephens reissued an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. Keefe, Bruyette & Woods restated an “underperform” rating and set a $80.00 price target (down previously from $85.00) on shares of Triumph Financial in a report on Friday. Finally, B. Riley reiterated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, Triumph Financial currently has a consensus rating of “Hold” and a consensus price target of $80.20.

Triumph Financial Trading Up 2.6 %

Shares of TFIN stock traded up $1.95 on Tuesday, hitting $78.41. 13,069 shares of the company’s stock traded hands, compared to its average volume of 140,493. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 144.86 and a beta of 1.24. The company’s fifty day simple moving average is $95.32 and its 200 day simple moving average is $88.67. Triumph Financial has a one year low of $66.85 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. Equities analysts forecast that Triumph Financial will post 1.71 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the transaction, the chief executive officer now owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.15% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TFIN. Tectonic Advisors LLC lifted its holdings in shares of Triumph Financial by 2.1% during the 4th quarter. Tectonic Advisors LLC now owns 23,190 shares of the company’s stock valued at $2,108,000 after buying an additional 474 shares during the period. Hodges Capital Management Inc. boosted its position in shares of Triumph Financial by 42.3% in the fourth quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock worth $13,490,000 after purchasing an additional 44,100 shares during the period. Precision Wealth Strategies LLC increased its stake in Triumph Financial by 2.7% in the 4th quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock worth $487,000 after buying an additional 141 shares in the last quarter. KBC Group NV raised its holdings in Triumph Financial by 51.9% during the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after acquiring an additional 414 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.