B. Riley Reaffirms Neutral Rating for Triumph Financial (NASDAQ:TFIN)

B. Riley restated their neutral rating on shares of Triumph Financial (NASDAQ:TFIN) in a report issued on Wednesday morning, Benzinga reports. They currently have a $65.00 price objective on the stock. B. Riley also issued estimates for Triumph Financial’s Q3 2024 earnings at $0.10 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $0.60 EPS and FY2025 earnings at $1.85 EPS.

Other research analysts have also issued research reports about the stock. Piper Sandler upped their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an underweight rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods downgraded Triumph Financial from a market perform rating to an underperform rating and cut their target price for the company from $75.00 to $70.00 in a research report on Friday, July 19th. DA Davidson lifted their price target on Triumph Financial from $68.00 to $74.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Finally, Stephens reissued an equal weight rating and issued a $74.00 price objective on shares of Triumph Financial in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $69.60.

Triumph Financial Stock Up 1.1 %

Triumph Financial stock opened at $74.63 on Wednesday. Triumph Financial has a 1-year low of $56.91 and a 1-year high of $95.46. The business has a fifty day moving average price of $81.84 and a 200-day moving average price of $78.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 56.97 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The business had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. During the same period in the prior year, the business posted $0.29 EPS. Equities research analysts forecast that Triumph Financial will post 0.85 EPS for the current fiscal year.

Insider Activity at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the sale, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at approximately $2,817,511.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total transaction of $498,880.48. Following the sale, the chief operating officer now owns 39,698 shares of the company’s stock, valued at $3,231,814.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares of the company’s stock, valued at approximately $2,817,511.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.15% of the stock is currently owned by insiders.

Institutional Trading of Triumph Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Triumph Financial by 759.6% in the third quarter. SG Americas Securities LLC now owns 11,742 shares of the company’s stock worth $934,000 after acquiring an additional 10,376 shares during the period. Mendon Capital Advisors Corp acquired a new position in Triumph Financial in the 2nd quarter worth about $1,022,000. Wallace Advisory Group LLC purchased a new position in Triumph Financial during the second quarter worth approximately $246,000. The Manufacturers Life Insurance Company grew its holdings in Triumph Financial by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,671 shares of the company’s stock valued at $1,036,000 after purchasing an additional 455 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Triumph Financial by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 47,540 shares of the company’s stock valued at $3,886,000 after purchasing an additional 3,353 shares during the period. 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.