Triumph Financial, Inc. $TFIN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Triumph Financial, Inc. (NYSE:TFIN) by 82.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,043 shares of the company’s stock after selling 77,510 shares during the quarter. SG Americas Securities LLC’s holdings in Triumph Financial were worth $957,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Triumph Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock valued at $127,202,000 after purchasing an additional 14,355 shares in the last quarter. AltraVue Capital LLC grew its position in Triumph Financial by 22.0% in the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after buying an additional 273,718 shares in the last quarter. State Street Corp grew its position in Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after buying an additional 23,678 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Triumph Financial by 4.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock valued at $43,475,000 after buying an additional 35,905 shares during the period. Finally, Geode Capital Management LLC increased its stake in Triumph Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $33,368,000 after buying an additional 4,747 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

TFIN has been the subject of a number of research analyst reports. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, DA Davidson reissued a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Trading Down 0.1%

Triumph Financial stock opened at $76.89 on Friday. The company has a 50 day moving average price of $70.24 and a 200 day moving average price of $65.39. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 64.62 and a beta of 1.39. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $80.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The business had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Research analysts forecast that Triumph Financial, Inc. will post 1.88 EPS for the current year.

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.