Commonwealth Equity Services LLC Acquires 4,116 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Commonwealth Equity Services LLC grew its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 112.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,779 shares of the company’s stock after purchasing an additional 4,116 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Triumph Financial were worth $617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Triumph Financial by 11.5% in the 1st quarter. Principal Financial Group Inc. now owns 125,946 shares of the company’s stock worth $9,990,000 after buying an additional 12,975 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Triumph Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock worth $157,382,000 after buying an additional 29,858 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Triumph Financial by 3.2% in the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock worth $45,613,000 after buying an additional 17,380 shares during the last quarter. Mendon Capital Advisors Corp purchased a new position in shares of Triumph Financial in the 4th quarter worth approximately $2,004,000. Finally, Bares Capital Management Inc. grew its position in shares of Triumph Financial by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after buying an additional 24,847 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 2.7 %

TFIN stock opened at $86.97 on Friday. The firm’s fifty day simple moving average is $76.26 and its 200-day simple moving average is $75.70. The company has a market capitalization of $2.03 billion, a P/E ratio of 66.39 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Financial, Inc. has a 12 month low of $56.91 and a 12 month high of $88.26.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, April 17th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $101.03 million during the quarter, compared to analysts’ expectations of $106.01 million. Triumph Financial had a net margin of 7.16% and a return on equity of 4.22%. As a group, equities research analysts forecast that Triumph Financial, Inc. will post 0.98 earnings per share for the current year.

Insider Activity

In other news, Director Carlos M. Sepulveda sold 16,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the sale, the director now directly owns 351,484 shares of the company’s stock, valued at approximately $24,997,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the transaction, the director now directly owns 351,484 shares in the company, valued at approximately $24,997,542.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Todd Ritterbusch sold 7,854 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $73.84, for a total transaction of $579,939.36. Following the completion of the transaction, the insider now owns 10,434 shares of the company’s stock, valued at $770,446.56. The disclosure for this sale can be found here. Insiders have sold 26,854 shares of company stock valued at $1,940,069 in the last ninety days. Insiders own 6.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TFIN. DA Davidson dropped their target price on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $68.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and an average price target of $66.80.

Triumph Financial Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.