Triumph Financial, Inc. $TFIN Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Triumph Financial, Inc. by 1.6%, owning 1,994,551 shares worth approximately $115.29 million as of the latest quarter.
• Other firms, including Bank of America Corp DE and Hsbc Holdings PLC, significantly increased their investments in Triumph Financial during the recent quarters.
• Triumph Financial reported an EPS of $0.15 for the quarter, exceeding estimates, and analysts anticipate an EPS of 1.08 for the current year.

Vanguard Group Inc. reduced its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,994,551 shares of the company's stock after selling 32,869 shares during the quarter. Vanguard Group Inc. owned approximately 8.52% of Triumph Financial worth $115,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TFIN. CWM LLC grew its stake in Triumph Financial by 48.0% during the 1st quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after buying an additional 191 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after acquiring an additional 2,647 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Triumph Financial during the fourth quarter valued at about $219,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Triumph Financial in the 4th quarter valued at approximately $237,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Analyst Upgrades and Downgrades

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

Triumph Financial Stock Performance

NASDAQ TFIN traded up $5.4390 during trading hours on Friday, reaching $60.1590. The stock had a trading volume of 316,640 shares, compared to its average volume of 223,923. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The stock has a fifty day moving average of $58.59 and a 200 day moving average of $59.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $1.43 billion, a P/E ratio of 136.73 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly 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 company had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. Sell-side analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

About Triumph Financial

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.