Triumph Financial, Inc. $TFIN Shares Sold by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC decreased its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 21.0% during the fourth quarter, HoldingsChannel reports. The firm owned 41,341 shares of the company’s stock after selling 10,959 shares during the quarter. Triumph Financial makes up about 1.6% of Sovereign s Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Sovereign s Capital Management LLC’s holdings in Triumph Financial were worth $2,589,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its stake in Triumph Financial by 85.4% during the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock valued at $25,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock valued at $117,000 after purchasing an additional 514 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Down 1.0%

TFIN stock opened at $74.06 on Wednesday. The firm’s fifty day simple moving average is $67.18 and its 200-day simple moving average is $63.96. The company has a market capitalization of $1.76 billion, a P/E ratio of 62.23 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. As a group, equities research analysts forecast that Triumph Financial, Inc. will post 1.72 earnings per share for the current year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch acquired 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TFIN. Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. DA Davidson restated a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.75.

About Triumph Financial

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.