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

BNP Paribas Financial Markets lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock valued at $184,252,000 after acquiring an additional 24,868 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Triumph Financial by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock valued at $106,840,000 after purchasing an additional 19,286 shares in the last quarter. American Century Companies Inc. increased its position in shares of Triumph Financial by 34.0% during the fourth 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 in the last quarter. Northern Trust Corp increased its holdings in shares of Triumph Financial by 7.6% in the 4th quarter. Northern Trust Corp now owns 227,875 shares of the company's stock worth $20,709,000 after purchasing an additional 16,061 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Triumph Financial by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock worth $18,092,000 after buying an additional 3,539 shares in the last quarter. Institutional investors own 91.11% of the company's stock.

Analyst Ratings Changes

TFIN has been the subject of several recent research reports. DA Davidson cut their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Finally, B. Riley restated a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Triumph Financial presently has an average rating of "Hold" and an average price target of $68.20.

Insider Transactions at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes purchased 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the acquisition, the director now owns 21,565 shares in the company, valued at $1,156,962.25. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debra A. Bradford acquired 1,508 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $49.39 per share, with a total value of $74,480.12. Following the purchase, the director now owns 3,348 shares of the company's stock, valued at approximately $165,357.72. This trade represents a 81.96% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 4,008 shares of company stock valued at $208,380 over the last 90 days. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Stock Performance

TFIN traded down $0.25 during trading on Friday, reaching $57.99. 19,762 shares of the company's stock were exchanged, compared to its average volume of 174,037. 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 company's fifty day simple moving average is $55.22 and its 200-day simple moving average is $74.23. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The stock has a market capitalization of $1.36 billion, a P/E ratio of 107.25 and a beta of 1.27.

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