First Sabrepoint Capital Management LP Buys 12,512 Shares of Triumph Financial, Inc. $TFIN

Key Points

• First Sabrepoint Capital Management LP increased its stake in Triumph Financial, Inc. by 18.5%, now holding 80,000 shares, which represents 1.7% of its portfolio.
• Triumph Financial reported earnings of $0.15 per share for the last quarter, surpassing analysts' expectations of $0.04.
• Institutional investors establish a substantial presence in Triumph Financial, owning approximately 91.11% of the company's stock.

First Sabrepoint Capital Management LP grew its holdings in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 18.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,000 shares of the company's stock after purchasing an additional 12,512 shares during the period. Triumph Financial comprises approximately 1.7% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 22nd biggest holding. First Sabrepoint Capital Management LP owned approximately 0.34% of Triumph Financial worth $4,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TFIN. CWM LLC raised its holdings in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after buying an additional 320 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after buying an additional 2,647 shares in the last quarter. Titleist Asset Management LLC bought a new position in shares of Triumph Financial in the first quarter valued at $231,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Triumph Financial in the fourth quarter valued at $237,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Triumph Financial Stock Performance

TFIN stock traded up $1.92 during midday trading on Thursday, reaching $64.11. 90,698 shares of the company were exchanged, compared to its average volume of 221,358. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average price of $59.52 and a two-hundred day moving average price of $58.72. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 145.70 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $105.85 million. Equities research analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Triumph Financial Company 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.