Eight 31 Financial LLC Raises Stock Position in Triumph Financial, Inc. $TFIN

Eight 31 Financial LLC lifted its position in Triumph Financial, Inc. (NYSE:TFIN) by 239.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,525 shares of the company’s stock after purchasing an additional 63,132 shares during the quarter. Triumph Financial comprises approximately 2.5% of Eight 31 Financial LLC’s portfolio, making the stock its 15th largest holding. Eight 31 Financial LLC owned approximately 0.38% of Triumph Financial worth $4,480,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TFIN. Invesco Ltd. increased its position in shares of Triumph Financial by 15.8% in the third quarter. Invesco Ltd. now owns 65,886 shares of the company’s stock worth $3,297,000 after purchasing an additional 8,995 shares during the last quarter. Sei Investments Co. lifted its position in Triumph Financial by 26.7% during the third quarter. Sei Investments Co. now owns 125,061 shares of the company’s stock valued at $6,258,000 after purchasing an additional 26,372 shares during the last quarter. UBS Group AG grew its stake in Triumph Financial by 27.1% in the 3rd quarter. UBS Group AG now owns 90,525 shares of the company’s stock worth $4,530,000 after buying an additional 19,318 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Triumph Financial by 14.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,066 shares of the company’s stock worth $454,000 after buying an additional 1,129 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Triumph Financial by 4.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president owned 24,832 shares of the company’s stock, valued at $1,618,549.76. This trade represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Stock Down 2.8%

Shares of NYSE TFIN opened at $55.51 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 59.69 and a beta of 1.50. The business has a fifty day moving average price of $64.11. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $77.84.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Wall Street Zen raised Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Keefe, Bruyette & Woods lifted their price target on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Thursday, January 29th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $70.00 price objective on shares of Triumph Financial in a research report on Monday, January 12th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.75.

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.