First Sabrepoint Capital Management LP Purchases 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 increased its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the company's stock after buying an additional 12,512 shares during the quarter. Triumph Financial accounts for approximately 1.7% of First Sabrepoint Capital Management LP's holdings, making the stock its 22nd biggest holding. First Sabrepoint Capital Management LP owned about 0.34% of Triumph Financial worth $4,624,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 worth $40,000 after buying an additional 320 shares during the period. Hsbc Holdings PLC boosted its holdings in Triumph Financial by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock valued at $690,000 after acquiring an additional 4,918 shares in the last quarter. Bank of America Corp DE boosted its holdings in Triumph Financial by 478.3% in the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after acquiring an additional 289,955 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Triumph Financial by 13.1% in the first quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock valued at $4,336,000 after acquiring an additional 8,670 shares in the last quarter. Finally, CWM LLC boosted its holdings in 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 acquiring an additional 191 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

NASDAQ:TFIN traded down $0.60 during mid-day trading on Friday, reaching $63.55. The company's stock had a trading volume of 69,951 shares, compared to its average volume of 220,813. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The firm's fifty day moving average price is $59.67 and its two-hundred day moving average price is $58.67. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.51 billion, a P/E ratio of 144.42 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million during the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, equities analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Triumph Financial

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

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.