49,633 Shares in Triumph Financial, Inc. $TFIN Bought by Orchard Capital Management LLC

Key Points

• Orchard Capital Management purchased 49,633 shares of Triumph Financial valued at approximately $3.8 million, making up 3.7% of its portfolio and representing a 0.21% company stake.
• Institutional investors own 91.11% of Triumph Financial, while two executive vice presidents recently sold shares under disclosed transactions; insiders retain a 5.51% ownership stake.
• Triumph Financial reported quarterly EPS of $0.44, in line with estimates, and revenue of $120.24 million, above expectations. Analysts maintain a consensus “Hold” rating with an average price target of $85.

Orchard Capital Management LLC purchased a new stake in Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,633 shares of the company's stock, valued at approximately $3,787,000. Triumph Financial comprises approximately 3.7% of Orchard Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Orchard Capital Management LLC owned 0.21% of Triumph Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake 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 valued at $31,000 after buying an additional 155 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 worth $126,000 after buying an additional 195 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Triumph Financial during the fourth quarter worth about $174,000. Howard Financial Services LTD. acquired a new stake in Triumph Financial during the second quarter worth about $229,000. Finally, Maryland State Retirement & Pension System purchased a new position in Triumph Financial during the fourth quarter valued at approximately $206,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the sale, the executive vice president directly owned 15,534 shares in the company, valued at approximately $1,145,632.50. The trade was a 15.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the sale, the executive vice president owned 23,755 shares of the company's stock, valued at approximately $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.51% of the stock is owned by insiders.

Triumph Financial Stock Up 1.2%

Triumph Financial stock opened at $74.85 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.79 billion, a PE ratio of 50.57 and a beta of 1.39. The business has a 50 day simple moving average of $76.54 and a 200-day simple moving average of $68.16. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $83.52.

Triumph Financial (NYSE:TFIN - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts' expectations of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. On average, analysts anticipate that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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