Philadelphia Financial Management of San Francisco LLC Makes New Investment in Triumph Financial, Inc. $TFIN

Philadelphia Financial Management of San Francisco LLC purchased a new position in Triumph Financial, Inc. (NYSE:TFIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 81,781 shares of the company’s stock, valued at approximately $6,240,708. Philadelphia Financial Management of San Francisco LLC owned about 0.34% of Triumph Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Triumph Financial during the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC boosted its position in shares of Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after buying an additional 195 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Triumph Financial in the 4th quarter worth $174,000. Finally, Howard Financial Services LTD. bought a new stake in Triumph Financial during the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Buying and Selling

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

Triumph Financial Stock Performance

TFIN traded down $0.16 during trading hours on Friday, hitting $71.76. 165,213 shares of the stock were exchanged, compared to its average volume of 250,624. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 48.49 and a beta of 1.39. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $83.52. The stock has a 50-day simple moving average of $76.56 and a 200-day simple moving average of $68.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TFIN. DA Davidson increased their price objective on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Friday, August 7th. Stephens lifted their price target on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods boosted their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.00.

Triumph Financial Company 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.