Empirical Capital Management LLC Makes New $1.30 Million Investment in Triumph Financial, Inc. $TFIN

Key Points

• Empirical Capital Management opened a new position in Triumph Financial, buying 20,725 shares worth about $1.3 million in the fourth quarter. The stake represents 0.9% of its portfolio and makes TFIN its 11th-largest holding.
• Triumph Financial reported Q1 earnings of $0.23 per share, beating analyst estimates of $0.15, though revenue came in slightly below expectations at $105.8 million. Analysts currently expect the company to earn 1.72 EPS for the year.
• Investor sentiment appears mixed: several hedge funds increased holdings, but analysts mostly remain cautious with a Hold consensus rating and a $64.75 target price. Insider trading was also split, with one executive buying shares and another selling under a pre-arranged plan.

Empirical Capital Management LLC purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,725 shares of the company's stock, valued at approximately $1,298,000. Triumph Financial comprises 0.9% of Empirical Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Empirical Capital Management LLC owned approximately 0.09% of Triumph Financial as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State of Alaska Department of Revenue increased its stake in shares of Triumph Financial by 1.3% during the 4th quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company's stock worth $719,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $31,000 after purchasing an additional 155 shares during the last quarter. Arizona State Retirement System grew its stake in Triumph Financial by 2.9% in the 3rd quarter. Arizona State Retirement System now owns 6,655 shares of the company's stock valued at $333,000 after buying an additional 189 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Triumph Financial by 9.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after buying an additional 195 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company's stock valued at $26,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Trading Up 0.7%

TFIN opened at $70.66 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.68 billion, a PE ratio of 59.38 and a beta of 1.40. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $77.84. The company has a 50-day moving average of $63.35.

Triumph Financial (NYSE:TFIN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million during the quarter, compared to analysts' expectations of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. On average, research analysts predict that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 2nd. DA Davidson reissued a "neutral" rating and issued a $60.00 price target on shares of Triumph Financial in a report on Wednesday, April 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Triumph Financial from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $64.75.

Insider Activity at Triumph Financial

In other news, insider Todd Ritterbusch acquired 7,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the acquisition, the insider owned 22,804 shares in the company, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the business's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by insiders.

About Triumph Financial

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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