Townsquare Capital LLC Lowers Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• Townsquare Capital LLC reduced its stake in Triumph Financial by 6.6%, selling 5,194 shares during the first quarter, now owning approximately 0.31% of the company valued at $4.24 million.
• Multiple institutional investors adjusted their positions in Triumph Financial, with Charles Schwab and Diamond Hill Capital increasing their holdings by 3.9% and 16.3%, respectively.
• Triumph Financial's stock has a one-year high of $110.58 and the company reported $0.15 EPS in its latest quarterly earnings, exceeding expectations of $0.04.

Townsquare Capital LLC lowered its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,413 shares of the company's stock after selling 5,194 shares during the period. Townsquare Capital LLC owned approximately 0.31% of Triumph Financial worth $4,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TFIN. Bank of America Corp DE grew its position in shares of Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after purchasing an additional 289,955 shares in the last quarter. Curi RMB Capital LLC increased its stake in Triumph Financial by 133.9% in the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock worth $6,545,000 after acquiring an additional 41,226 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Triumph Financial by 10,573.0% during the 1st quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock valued at $2,332,000 after acquiring an additional 39,966 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Triumph Financial by 24.8% during the 1st quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock valued at $10,480,000 after acquiring an additional 35,990 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Triumph Financial in the fourth quarter valued at $2,152,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TFIN shares. B. Riley restated a "neutral" rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, DA Davidson raised their target price 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.

Triumph Financial Stock Performance

Shares of NASDAQ TFIN traded down $0.33 during midday trading on Thursday, reaching $55.22. 144,359 shares of the stock were exchanged, compared to its average volume of 224,614. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 125.50 and a beta of 1.29. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The firm has a 50-day simple moving average of $59.14 and a two-hundred day simple moving average of $60.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million for the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. As a group, analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS 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.