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

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

A number of other research analysts also recently weighed in on TFIN. DA Davidson increased their price target on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley reissued a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Stephens restated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $80.60.

Triumph Financial Trading Down 0.4 %

Shares of NASDAQ:TFIN opened at $78.56 on Friday. Triumph Financial has a 52-week low of $66.85 and a 52-week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.84 billion, a P/E ratio of 145.48 and a beta of 1.24. The stock’s 50-day moving average is $95.32 and its 200-day moving average is $88.59.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly 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 net margin of 3.30% and a return on equity of 1.93%. Equities research analysts predict that Triumph Financial will post 1.71 earnings per share for the current year.

Insider Activity at Triumph Financial

In other news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction dated Friday, November 29th. The stock was 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 directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This trade represents a 8.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Triumph Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares during the last quarter. Quantbot Technologies LP purchased a new position in Triumph Financial during the 3rd quarter valued at about $49,000. KBC Group NV lifted its stake in Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. Mechanics Bank Trust Department purchased a new position in Triumph Financial during the fourth quarter worth about $202,000. Finally, Cottonwood Capital Advisors LLC purchased a new position in shares of Triumph Financial during the fourth quarter valued at approximately $215,000. Institutional investors 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.