Philadelphia Financial Management of San Francisco LLC Takes $6.24 Billion Position in Triumph Financial, Inc. $TFIN

Philadelphia Financial Management of San Francisco LLC bought a new position in Triumph Financial, Inc. (NYSE:TFIN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 81,781 shares of the company's stock, valued at approximately $6,240,708,000. Philadelphia Financial Management of San Francisco LLC owned 0.34% of Triumph Financial at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TFIN. Farther Finance Advisors LLC grew its stake in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Triumph Financial in the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC grew its stake in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after purchasing an additional 195 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Triumph Financial in the fourth quarter valued at approximately $174,000. Finally, Amundi increased its stake in shares of Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company's stock worth $202,000 after acquiring an additional 550 shares during the period. Institutional investors own 91.11% of the company's stock.

Insider Activity at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total value of $213,875.00. Following the completion of the transaction, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the sale, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.51% of the stock is owned by company insiders.

Triumph Financial Stock Up 0.2%

Shares of NYSE:TFIN opened at $73.67 on Thursday. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52. The firm's 50-day moving average is $76.56 and its two-hundred day moving average is $68.35. The firm has a market capitalization of $1.76 billion, a PE ratio of 49.78 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analyst Ratings Changes

TFIN has been the subject of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a research report on Thursday, July 23rd. B. Riley Financial raised their target price on Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Stephens raised their price objective on Triumph Financial from $82.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Finally, Zacks Research cut Triumph Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.00.

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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