Corient Private Wealth LLC Invests $3.63 Million in Triumph Financial, Inc. $TFIN

Corient Private Wealth LLC acquired a new position in Triumph Financial, Inc. (NYSE:TFIN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 57,999 shares of the company’s stock, valued at approximately $3,633,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TFIN. EverSource Wealth Advisors LLC grew its stake in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Triumph Financial by 28.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after acquiring an additional 514 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Triumph Financial in the fourth quarter valued at $174,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Price Performance

TFIN opened at $76.79 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $69.07 and its 200 day simple moving average is $64.82. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 64.53 and a beta of 1.39. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $77.90.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The firm had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. As a group, analysts predict that Triumph Financial, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on TFIN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Triumph Financial has an average rating of “Hold” and an average price target of $64.75.

Insider Buying and Selling

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred 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 transaction, the executive vice president directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the purchase, the insider 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 5.51% of the stock is currently owned by corporate insiders.

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.