Eight 31 Financial LLC Purchases 63,132 Shares of Triumph Financial, Inc. $TFIN

Eight 31 Financial LLC lifted its position in Triumph Financial, Inc. (NYSE:TFIN) by 239.2% in the 3rd quarter, Holdings Channel reports. The fund owned 89,525 shares of the company’s stock after acquiring an additional 63,132 shares during the quarter. Triumph Financial accounts for 2.5% of Eight 31 Financial LLC’s holdings, making the stock its 15th biggest holding. Eight 31 Financial LLC’s holdings in Triumph Financial were worth $4,480,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock valued at $1,592,000 after buying an additional 11,694 shares in the last quarter. AQR Capital Management LLC lifted its position in Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock valued at $333,000 after acquiring an additional 1,794 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Triumph Financial by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after acquiring an additional 564 shares in the last quarter. Atria Investments Inc boosted its stake in Triumph Financial by 5.0% during the second quarter. Atria Investments Inc now owns 5,104 shares of the company’s stock worth $281,000 after acquiring an additional 243 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Triumph Financial by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 135,232 shares of the company’s stock worth $7,453,000 after purchasing an additional 3,974 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Trading Down 2.8%

Shares of TFIN opened at $55.51 on Friday. The company’s fifty day moving average is $64.11. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 59.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $77.84.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings results on Monday, January 26th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.48. Triumph Financial had a return on equity of 3.49% and a net margin of 4.89%.The firm had revenue of $105.19 million for the quarter, compared to the consensus estimate of $111.21 million.

Wall Street Analyst Weigh In

TFIN has been the subject of several recent research reports. DA Davidson reiterated a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a report on Thursday, January 29th. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. B. Riley Financial reiterated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target of $64.75.

Insiders Place Their Bets

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the transaction, the executive vice president directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.58% of the company’s stock.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.