Shares of Triumph Financial, Inc. (NASDAQ:TFIN – Get Rating) gapped down before the market opened on Thursday after Raymond James downgraded the stock from an outperform rating to a market perform rating. The stock had previously closed at $55.00, but opened at $53.42. Triumph Financial shares last traded at $55.09, with a volume of 7,370 shares traded.
TFIN has been the topic of a number of other reports. Loop Capital assumed coverage on Triumph Financial in a report on Thursday, February 9th. They issued a “buy” rating and a $76.00 price objective on the stock. Wells Fargo & Company decreased their price target on Triumph Financial from $50.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday. Stephens lowered their price target on Triumph Financial from $63.00 to $58.00 and set an “equal weight” rating for the company in a report on Friday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Triumph Financial from $62.00 to $58.00 and set a “market perform” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.80.
Insider Buying and Selling at Triumph Financial
In other news, Director Harrison B. Barnes acquired 2,421 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The shares were purchased at an average price of $54.78 per share, for a total transaction of $132,622.38. Following the acquisition, the director now owns 22,033 shares of the company’s stock, valued at $1,206,967.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Triumph Financial news, Director Harrison B. Barnes acquired 2,421 shares of the stock in a transaction dated Monday, January 30th. The stock was acquired at an average price of $54.78 per share, with a total value of $132,622.38. Following the completion of the purchase, the director now owns 22,033 shares in the company, valued at approximately $1,206,967.74. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron P. Graft sold 34,000 shares of Triumph Financial stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $54.00, for a total transaction of $1,836,000.00. Following the completion of the transaction, the chief executive officer now owns 210,982 shares of the company’s stock, valued at approximately $11,393,028. The disclosure for this sale can be found here. 6.46% of the stock is owned by corporate insiders.
Triumph Financial Price Performance
Triumph Financial (NASDAQ:TFIN – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Triumph Financial had a return on equity of 9.59% and a net margin of 20.33%. The company had revenue of $112.83 million for the quarter, compared to analyst estimates of $109.45 million. Equities research analysts predict that Triumph Financial, Inc. will post 2.32 earnings per share for the current year.
Triumph Financial Company Profile
Triumph Financial, Inc operates as a financial holding company which offers traditional banking and financial solutions. It operates through the following segments: Factoring, Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.
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