Curi RMB Capital LLC Buys 5,371 Shares of Triumph Financial, Inc. $TFIN

Key Points

• Curi RMB Capital LLC increased its stake in Triumph Financial, Inc. by 7.5% during the first quarter, bringing its total holdings to approximately $4.47 million.
• Insider selling occurred recently, with CEO Aaron P. Graft and EVP Adam D. Nelson reducing their shares by 4.30% and 11.17% respectively, following substantial share sales.
• Wall Street analysts have a consensus rating of "Hold" on Triumph Financial, with an increased average price target now set at $70.75.

Curi RMB Capital LLC boosted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 7.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,393 shares of the company's stock after buying an additional 5,371 shares during the quarter. Curi RMB Capital LLC owned approximately 0.33% of Triumph Financial worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares during the last quarter. Bank of America Corp DE raised its holdings in Triumph Financial by 478.3% in the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after purchasing an additional 289,955 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Triumph Financial by 13.1% in the 1st quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock worth $4,336,000 after purchasing an additional 8,670 shares in the last quarter. CWM LLC raised its holdings in Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Triumph Financial by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 109,677 shares of the company's stock worth $6,339,000 after purchasing an additional 2,666 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Insider Activity at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the sale, the chief executive officer owned 144,558 shares in the company, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president owned 27,832 shares in the company, valued at approximately $1,680,774.48. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. 5.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their price objective on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $70.75.

Triumph Financial Stock Down 0.6%

NASDAQ TFIN traded down $0.36 during trading hours on Friday, reaching $63.79. 164,843 shares of the company's stock traded hands, compared to its average volume of 221,383. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The firm has a market cap of $1.51 billion, a PE ratio of 144.97 and a beta of 1.29. The firm has a 50-day simple moving average of $59.82 and a 200 day simple moving average of $58.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The firm had revenue of $108.06 million for the quarter, compared to analysts' expectations of $105.85 million. Sell-side analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

About Triumph Financial

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.