Sovereign s Capital Management LLC Reduces Stock Position in Triumph Financial, Inc. $TFIN

Sovereign s Capital Management LLC cut its position in shares of Triumph Financial, Inc. (NYSE:TFIN) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,341 shares of the company’s stock after selling 10,959 shares during the period. Triumph Financial makes up 1.6% of Sovereign s Capital Management LLC’s portfolio, making the stock its 27th largest holding. Sovereign s Capital Management LLC owned about 0.17% of Triumph Financial worth $2,589,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake 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 purchasing an additional 155 shares during the period. Fifth Third Bancorp boosted its stake in shares of Triumph Financial by 85.4% during the 3rd quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after purchasing an additional 229 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock worth $26,000 after purchasing an additional 209 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 195 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Trading Down 1.0%

NYSE:TFIN opened at $74.06 on Wednesday. Triumph Financial, Inc. has a one year low of $46.43 and a one year high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $1.76 billion, a P/E ratio of 62.23 and a beta of 1.39. The firm has a 50-day simple moving average of $67.18 and a 200-day simple moving average of $63.96.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The business had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. Equities analysts anticipate that Triumph Financial, Inc. will post 1.72 EPS for the current fiscal year.

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 value of $193,430.00. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch acquired 7,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the transaction, 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 SEC filing for this purchase provides additional information. 5.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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