Keefe, Bruyette & Woods Reiterates Underperform Rating for Triumph Financial (NASDAQ:TFIN)

Triumph Financial (NASDAQ:TFIN)‘s stock had its “underperform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report released on Friday,Benzinga reports. They presently have a $80.00 price target on the stock, down from their prior price target of $85.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 1.83% from the company’s current price.

Other equities research analysts have also issued reports about the stock. DA Davidson boosted their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Stephens reiterated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a research report on Thursday. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.60.

Triumph Financial Price Performance

TFIN opened at $78.56 on Friday. The stock has a market cap of $1.84 billion, a P/E ratio of 145.48 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial has a 52-week low of $66.85 and a 52-week high of $110.58. The business has a fifty day moving average of $95.32 and a 200 day moving average of $88.59.

Triumph Financial (NASDAQ:TFIN) last posted its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Triumph Financial will post 1.71 EPS for the current year.

Insider Transactions at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TFIN. Blue Trust Inc. raised its holdings in shares of 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 last quarter. Quantbot Technologies LP purchased a new stake in shares of Triumph Financial during the third quarter worth approximately $49,000. KBC Group NV grew its position in Triumph Financial by 46.4% in the 3rd 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 last quarter. Mechanics Bank Trust Department purchased a new position in Triumph Financial during the 4th quarter worth $202,000. Finally, Profund Advisors LLC acquired a new position in shares of Triumph Financial during the second quarter worth about $209,000. 91.11% of the stock is owned by institutional investors and hedge funds.

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.