Allspring Global Investments Holdings LLC bought a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 790 shares of the company’s stock, valued at approximately $48,000.
A number of other institutional investors also recently modified their holdings of TFIN. Everence Capital Management Inc. acquired a new stake in shares of Triumph Financial during the 2nd quarter valued at $262,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at $282,000. SG Americas Securities LLC acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at $449,000. Maryland State Retirement & Pension System acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at $520,000. Finally, Tectonic Advisors LLC acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at $1,262,000. Institutional investors and hedge funds own 85.60% of the company’s stock.
Insider Buying and Selling
In other news, Director Carlos M. Sepulveda bought 7,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average price of $20.00 per share, for a total transaction of $148,000.00. Following the acquisition, the director now directly owns 12,798 shares of the company’s stock, valued at approximately $255,960. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Aaron P. Graft sold 26,642 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $65.17, for a total transaction of $1,736,259.14. Following the transaction, the chief executive officer now owns 218,918 shares in the company, valued at approximately $14,266,886.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carlos M. Sepulveda acquired 7,400 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $20.00 per share, for a total transaction of $148,000.00. Following the acquisition, the director now owns 12,798 shares in the company, valued at approximately $255,960. The disclosure for this purchase can be found here. Insiders own 6.46% of the company’s stock.
Triumph Financial Stock Performance
Triumph Financial (NASDAQ:TFIN – Get Free Report) last announced its earnings results on Thursday, July 20th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The firm had revenue of $102.96 million during the quarter, compared to the consensus estimate of $108.76 million. Triumph Financial had a return on equity of 6.43% and a net margin of 11.33%. As a group, analysts expect that Triumph Financial, Inc. will post 1.5 earnings per share for the current year.
Wall Street Analysts Forecast Growth
TFIN has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Triumph Financial from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Stephens reaffirmed an “equal weight” rating and issued a $68.00 price objective on shares of Triumph Financial in a research note on Friday, July 21st. Finally, B. Riley reduced their price objective on shares of Triumph Financial from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.29.
Get Our Latest Stock Report on Triumph Financial
Triumph Financial Company Profile
Triumph Financial Inc, a financial holding company, engages in the provision of payments, factoring, and banking services in the United States. It operates through four segments: Banking, Factoring, Payments, and Corporate. The company offers depository products, including checking, savings, money market and certificates of deposit; and loan products comprising commercial real estate loans, land loans, commercial construction and land development loans, residential real estate loans, commercial agriculture loans, and consumer loans, as well as general commercial and industrial loans, loans to purchase capital equipment, asset-based loans, and business loans for working capital and operational purposes.
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