Luxor Capital Group LP Sells 29,435 Shares of Triumph Financial, Inc. $TFIN

Luxor Capital Group LP lowered its position in shares of Triumph Financial, Inc. (NYSE:TFIN) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 614,832 shares of the company’s stock after selling 29,435 shares during the quarter. Triumph Financial comprises 1.4% of Luxor Capital Group LP’s holdings, making the stock its 11th biggest position. Luxor Capital Group LP owned 2.59% of Triumph Financial worth $30,766,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares during the period. AlphaQuest LLC bought a new stake in Triumph Financial in the 3rd quarter valued at about $56,000. PNC Financial Services Group Inc. grew its position 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 in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings 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 worth $126,000 after purchasing an additional 195 shares during the period. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 3.9%

NYSE:TFIN opened at $57.63 on Tuesday. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $77.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $63.79. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 61.97 and a beta of 1.50.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Monday, January 26th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.29 by $0.48. The firm had revenue of $105.19 million during the quarter, compared to the consensus estimate of $111.21 million. Triumph Financial had a return on equity of 3.49% and a net margin of 4.89%.

Insider Activity

In related news, EVP Adam D. Nelson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the transaction, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. This represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. B. Riley Financial reiterated a “neutral” rating and issued a $70.00 price target on shares of Triumph Financial in a research report on Monday, January 12th. Weiss Ratings upgraded Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Thursday, January 29th. Wall Street Zen upgraded Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Keefe, Bruyette & Woods increased their target price on Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target of $64.75.

About Triumph Financial

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.