BNP Paribas Financial Markets Trims Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

BNP Paribas Financial Markets cut its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 71.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,362 shares of the company's stock after selling 10,718 shares during the quarter. BNP Paribas Financial Markets' holdings in Triumph Financial were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TFIN. American Century Companies Inc. increased its holdings in shares of Triumph Financial by 34.0% in the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after acquiring an additional 198,611 shares during the period. Norges Bank purchased a new position in shares of Triumph Financial in the 4th quarter valued at $6,151,000. Hodges Capital Management Inc. boosted its position in shares of Triumph Financial by 42.3% in the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock worth $13,490,000 after purchasing an additional 44,100 shares in the last quarter. Curi RMB Capital LLC boosted its position in shares of Triumph Financial by 133.9% in the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock worth $6,545,000 after purchasing an additional 41,226 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Triumph Financial by 27.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 142,670 shares of the company's stock worth $12,966,000 after purchasing an additional 30,640 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TFIN. B. Riley reissued a "neutral" rating and issued a $55.00 price objective (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $68.20.

Insiders Place Their Bets

In related news, Director Harrison B. Barnes acquired 1,000 shares of Triumph Financial stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the purchase, the director now owns 21,565 shares of the company's stock, valued at approximately $1,156,962.25. This represents a 4.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Davis R. Deadman acquired 1,500 shares of Triumph Financial stock in a transaction on Friday, April 25th. The shares were bought at an average price of $53.50 per share, with a total value of $80,250.00. Following the purchase, the director now directly owns 10,220 shares in the company, valued at approximately $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by company insiders.

Triumph Financial Stock Performance

TFIN traded down $1.14 on Wednesday, reaching $57.95. 140,185 shares of the stock were exchanged, compared to its average volume of 174,500. The company's 50-day moving average price is $55.42 and its 200 day moving average price is $74.63. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $1.36 billion, a PE ratio of 107.32 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The firm had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. During the same period in the prior year, the firm posted $0.14 EPS. As a group, sell-side analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Triumph Financial Company 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.