NFC Investments LLC Has $6.40 Million Stake in Triumph Financial, Inc. $TFIN

NFC Investments LLC trimmed its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,875 shares of the company’s stock after selling 8,400 shares during the period. Triumph Financial accounts for 1.9% of NFC Investments LLC’s investment portfolio, making the stock its 19th biggest holding. NFC Investments LLC’s holdings in Triumph Financial were worth $6,399,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of Triumph Financial by 2.9% during the third quarter. Arizona State Retirement System now owns 6,655 shares of the company’s stock valued at $333,000 after buying an additional 189 shares in the last quarter. Inceptionr LLC lifted its stake in Triumph Financial by 4.2% in the 2nd quarter. Inceptionr LLC now owns 4,747 shares of the company’s stock worth $262,000 after acquiring an additional 192 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $126,000 after acquiring an additional 195 shares during the period. EverSource Wealth Advisors LLC grew 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 acquiring an additional 209 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Triumph Financial by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 63,803 shares of the company’s stock valued at $3,193,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Transactions at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the transaction, the executive vice president owned 24,832 shares in the company, valued at approximately $1,618,549.76. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.58% of the stock is owned by company insiders.

Triumph Financial Trading Up 0.6%

Shares of NASDAQ TFIN opened at $61.64 on Thursday. The business has a 50 day simple moving average of $64.75 and a 200 day simple moving average of $59.33. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $77.84. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 140.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TFIN. Keefe, Bruyette & Woods increased their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. DA Davidson reiterated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research note on Thursday, January 29th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $70.00 target price on shares of Triumph Financial in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.