Triumph Financial (NASDAQ:TFIN) Upgraded at Keefe, Bruyette & Woods

Triumph Financial (NASDAQ:TFIN) was upgraded by Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday,Finviz reports. The brokerage currently has a $74.00 price target on the stock, down from their prior price target of $80.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 7.29% from the stock’s current price.

A number of other research analysts have also recently issued reports on TFIN. DA Davidson decreased their price objective on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Stephens reissued an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $79.00.

Triumph Financial Trading Up 0.8 %

Shares of TFIN stock opened at $68.97 on Thursday. Triumph Financial has a 12-month low of $66.85 and a 12-month high of $110.58. The firm has a 50 day moving average price of $82.20 and a two-hundred day moving average price of $86.57. The company has a market capitalization of $1.62 billion, a PE ratio of 127.72 and a beta of 1.22. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, January 22nd. The company reported $0.13 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%. As a group, analysts predict that Triumph Financial will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the transaction, the chief executive officer now owns 151,533 shares in the company, valued at approximately $16,117,049.88. The trade was a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.15% of the company’s stock.

Hedge Funds Weigh In On Triumph Financial

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after buying an additional 259 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after buying an additional 426 shares during the period. Quantbot Technologies LP acquired a new position in Triumph Financial in the third quarter valued at $49,000. KBC Group NV lifted its holdings in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after buying an additional 253 shares during the period. Finally, Mechanics Bank Trust Department acquired a new position in Triumph Financial in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

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.