Orchard Capital Management LLC Takes $3.79 Million Position in Triumph Financial, Inc. $TFIN

Orchard Capital Management LLC purchased a new position in Triumph Financial, Inc. (NYSE:TFIN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,633 shares of the company’s stock, valued at approximately $3,787,000. Triumph Financial makes up about 3.7% of Orchard Capital Management LLC’s holdings, making the stock its 8th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after acquiring an additional 155 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. Entropy Technologies LP increased its holdings in shares of Triumph Financial by 6.2% in the third quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock valued at $255,000 after purchasing an additional 300 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Triumph Financial by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock valued at $675,000 after purchasing an additional 397 shares during the last quarter. Finally, Amundi lifted its position in Triumph Financial by 15.3% during the third quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after buying an additional 550 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the transaction, the executive vice president owned 15,534 shares of the company’s stock, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the sale, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.51% of the company’s stock.

Triumph Financial Price Performance

TFIN stock opened at $74.85 on Friday. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $83.52. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 50.57 and a beta of 1.39. The business has a fifty day moving average of $76.54 and a two-hundred day moving average of $68.16.

Triumph Financial (NYSE:TFIN) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $120.24 million during the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. As a group, research analysts anticipate that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TFIN shares. DA Davidson upped their target price on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. B. Riley Financial upped their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Stephens raised their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and a consensus target price of $85.00.

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.