Triumph Financial, Inc. $TFIN Shares Newly Acquired by Integrity Alliance LLC.

by · The Markets Daily

Integrity Alliance LLC. acquired a new position in Triumph Financial, Inc. (NYSE:TFIN – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,399 shares of the company’s stock, valued at approximately $1,104,000.

A number of other large investors have also recently made changes to their positions in TFIN. BlackRock Inc. purchased a new position in shares of Triumph Financial during the 2nd quarter valued at about $259,022,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Triumph Financial in the 2nd quarter worth approximately $49,047,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Triumph Financial in the 2nd quarter worth approximately $38,807,000. Bank of America Corp DE purchased a new stake in Triumph Financial in the 2nd quarter worth approximately $38,256,000. Finally, Ranger Investment Management L.P. bought a new stake in Triumph Financial during the 2nd quarter worth approximately $36,920,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

NYSE TFIN opened at $62.08 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 31.67 and a beta of 1.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $63.89 and a 200-day moving average price of $67.15. Triumph Financial, Inc. has a twelve month low of $49.27 and a twelve month high of $83.52.

Triumph Financial (NYSE:TFIN – Get Free Report) last released its earnings results on Wednesday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). The business had revenue of $125.67 million for the quarter, compared to analysts’ expectations of $123.11 million. Triumph Financial had a return on equity of 5.57% and a net margin of 8.96%. As a group, equities research analysts predict that Triumph Financial, Inc. will post 1.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other Triumph Financial news, EVP Edward Schreyer sold 2,900 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the sale, the executive vice president directly owned 15,534 shares of the company’s stock, valued at $1,145,632.50. This trade represents a 15.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TFIN shares. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. DA Davidson increased their price objective on shares of Triumph Financial from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research report on Friday, August 7th. Finally, Stephens raised their price objective on shares of Triumph Financial from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.80.

Check Out Our Latest Stock Analysis on TFIN

Triumph Financial Company Profile

(Free Report)

Triumph Financial, Inc is a financial holding company headquartered in Dallas, Texas, that provides banking, payments and financial services designed primarily for businesses and professionals in the transportation industry. The company operates through a technology-focused model that combines traditional banking capabilities with specialized payments and working-capital solutions.

Its offerings include commercial banking products, accounts and lending services, as well as transportation-focused invoice factoring through Triumph Business Capital.

Further Reading

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