Tectonic Advisors LLC Boosts Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Tectonic Advisors LLC grew its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,716 shares of the company’s stock after purchasing an additional 809 shares during the period. Tectonic Advisors LLC owned approximately 0.10% of Triumph Financial worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in TFIN. Blue Trust Inc. lifted its stake in Triumph Financial by 122.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after purchasing an additional 259 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Triumph Financial by 200.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after purchasing an additional 600 shares during the last quarter. Profund Advisors LLC purchased a new position in shares of Triumph Financial during the second quarter worth about $209,000. Wallace Advisory Group LLC acquired a new stake in Triumph Financial in the second quarter valued at about $246,000. Finally, Federated Hermes Inc. lifted its position in shares of Triumph Financial by 8.1% during the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after acquiring an additional 264 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the transaction, the chief operating officer now directly owns 39,698 shares in the company, valued at $3,231,814.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TFIN shares. DA Davidson lifted their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods downgraded Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $75.00 to $70.00 in a report on Friday, July 19th. B. Riley reiterated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a report on Wednesday, October 2nd. Stephens reissued an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, Piper Sandler upped their price objective on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Trading Up 1.0 %

Triumph Financial stock opened at $89.61 on Friday. The company has a 50 day moving average price of $81.30 and a 200 day moving average price of $79.29. Triumph Financial, Inc. has a 52 week low of $58.23 and a 52 week high of $95.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 114.89 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same quarter last year, the firm earned $0.51 EPS. Research analysts forecast that Triumph Financial, Inc. will post 0.64 EPS for the current year.

Triumph Financial Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.