Central Pacific Bank Trust Division Has $309,000 Stake in Triumph Financial, Inc. $TFIN

Central Pacific Bank Trust Division increased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 26.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,605 shares of the company’s stock after buying an additional 1,187 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Triumph Financial were worth $309,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company’s stock worth $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC grew its position in Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after buying an additional 320 shares in the last quarter. NBC Securities Inc. grew its position in Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock worth $153,000 after buying an additional 2,647 shares in the last quarter. Titleist Asset Management LLC acquired a new stake in Triumph Financial during the first quarter worth approximately $231,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Triumph Financial during the fourth quarter worth approximately $237,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total value of $391,170.00. Following the completion of the transaction, the chief executive officer directly owned 144,558 shares in the company, valued at approximately $8,699,500.44. This represents a 4.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam D. Nelson sold 3,500 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of the transaction, the executive vice president owned 27,832 shares of the company’s stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson increased their price target on Triumph Financial from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.75.

Triumph Financial Trading Up 3.9%

Shares of TFIN stock opened at $59.03 on Monday. The stock’s fifty day moving average price is $59.73 and its two-hundred day moving average price is $58.16. The company has a market cap of $1.40 billion, a PE ratio of 134.17 and a beta of 1.29. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The firm had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. Equities analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Triumph Financial Company Profile

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.