Royal Bank of Canada Boosts Holdings in Triumph Financial, Inc. $TFIN

Key Points

• Royal Bank of Canada increased its Triumph Financial holdings by 48.8% in the first quarter, purchasing 20,180 additional shares and bringing its stake to 61,529 shares worth about $3.67 million.
• Triumph Financial reported quarterly EPS of $0.44, in line with estimates, while revenue of $120.24 million exceeded expectations of $114.67 million. Shares opened at $78.23, near their 52-week high of $83.52.
• Analysts maintain a generally neutral outlook, with all six tracked analysts rating the stock “Hold” and a consensus price target of $85.00. Two executive vice presidents recently sold shares, while insiders own 5.51% of the company.

Royal Bank of Canada lifted its holdings in Triumph Financial, Inc. (NYSE:TFIN - Free Report) by 48.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,529 shares of the company's stock after purchasing an additional 20,180 shares during the period. Royal Bank of Canada owned approximately 0.26% of Triumph Financial worth $3,671,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TFIN. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 155 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 period. Los Angeles Capital Management LLC acquired a new position in shares of Triumph Financial in the fourth quarter worth $174,000. Maryland State Retirement & Pension System acquired a new position in shares of Triumph Financial in the fourth quarter worth $206,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Triumph Financial during the fourth quarter worth $208,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Trading Down 0.3%

Shares of NYSE:TFIN opened at $78.23 on Friday. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $83.52. The company's 50 day moving average is $76.35 and its two-hundred day moving average is $67.82. The company has a market cap of $1.87 billion, a PE ratio of 52.86 and a beta of 1.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

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

Analyst Ratings Changes

TFIN has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $78.00 to $88.00 and gave the company a "market perform" rating in a research note on Thursday, July 23rd. DA Davidson boosted their target price on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. B. Riley Financial increased their price target on Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Zacks Research cut Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial presently has an average rating of "Hold" and a consensus price target of $85.00.

Insiders Place Their Bets

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the transaction, the executive vice president directly owned 18,434 shares of the company's stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 dated Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total value of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares in the company, valued at approximately $1,877,832.75. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.51% of the stock is owned by company insiders.

Triumph Financial Company Profile

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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