Jacobs Asset Management LLC Has $7.01 Million Stock Position in Triumph Financial, Inc. $TFIN

Jacobs Asset Management LLC grew its holdings in Triumph Financial, Inc. (NYSE:TFIN) by 922.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,500 shares of the company’s stock after acquiring an additional 106,003 shares during the quarter. Triumph Financial accounts for approximately 4.2% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Jacobs Asset Management LLC’s holdings in Triumph Financial were worth $7,010,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Triumph Financial by 9.3% in 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 in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $174,000. Maryland State Retirement & Pension System bought a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $206,000. Finally, Benjamin Edwards Inc. acquired a new stake in Triumph Financial during the fourth quarter worth approximately $208,000. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $67.01 per share, with a total value of $469,070.00. Following the completion of the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.51% of the company’s stock.

Triumph Financial Trading Down 3.8%

TFIN opened at $76.89 on Friday. The company’s 50 day moving average is $73.92 and its 200-day moving average is $66.95. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $83.52. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.84 billion, a P/E ratio of 51.95 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Equities research analysts predict that Triumph Financial, Inc. will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TFIN has been the topic of several analyst reports. Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. B. Riley Financial boosted their price target on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. DA Davidson reiterated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Finally, Stephens raised their target price on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.50.

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.