Triumph Financial (NASDAQ:TFIN) Shares Gap Up – Here’s What Happened
by Teresa Graham · The Cerbat GemTriumph Financial, Inc. (NASDAQ:TFIN – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $62.07, but opened at $64.66. Triumph Financial shares last traded at $65.2150, with a volume of 4,437 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on TFIN shares. DA Davidson reissued a “neutral” rating and issued a $63.00 target price on shares of Triumph Financial in a research report on Thursday, October 16th. Stephens lifted their price objective on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, B. Riley upgraded shares of Triumph Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $70.00 in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.
Read Our Latest Stock Analysis on TFIN
Triumph Financial Stock Down 0.2%
The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 147.84 and a beta of 1.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $56.54 and a 200 day moving average price of $57.23.
Insider Buying and Selling
In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at approximately $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.58% of the company’s stock.
Institutional Investors Weigh In On Triumph Financial
Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in Triumph Financial by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 148,025 shares of the company’s stock valued at $8,158,000 after buying an additional 7,635 shares during the period. US Bancorp DE boosted its stake in Triumph Financial by 26.4% in the second quarter. US Bancorp DE now owns 12,939 shares of the company’s stock valued at $713,000 after acquiring an additional 2,704 shares during the last quarter. Sippican Capital Advisors grew its position in shares of Triumph Financial by 33.2% during the 2nd quarter. Sippican Capital Advisors now owns 56,081 shares of the company’s stock valued at $3,091,000 after acquiring an additional 13,970 shares during the period. Americana Partners LLC increased its stake in shares of Triumph Financial by 290.2% during the 2nd quarter. Americana Partners LLC now owns 18,757 shares of the company’s stock worth $1,034,000 after purchasing an additional 13,950 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Triumph Financial by 42.0% in the 2nd quarter. New York State Common Retirement Fund now owns 106,511 shares of the company’s stock worth $5,870,000 after purchasing an additional 31,490 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.
About Triumph Financial
Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.
The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.
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