First Sabrepoint Capital Management LP Has $6.13 Million Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

First Sabrepoint Capital Management LP trimmed its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,488 shares of the company's stock after selling 32,512 shares during the period. Triumph Financial makes up 1.6% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 22nd largest holding. First Sabrepoint Capital Management LP owned 0.29% of Triumph Financial worth $6,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TFIN. Deutsche Bank AG boosted its position in shares of Triumph Financial by 49.2% in the fourth quarter. Deutsche Bank AG now owns 20,633 shares of the company's stock worth $1,875,000 after purchasing an additional 6,800 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Triumph Financial by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 47,506 shares of the company's stock worth $4,317,000 after acquiring an additional 1,148 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Triumph Financial during the fourth quarter worth $237,000. Bank of America Corp DE boosted 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 worth $31,860,000 after acquiring an additional 289,955 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Triumph Financial during the fourth quarter worth $849,000. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Down 2.6%

Shares of TFIN stock traded down $1.62 during trading on Wednesday, reaching $60.82. The company's stock had a trading volume of 203,262 shares, compared to its average volume of 172,247. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 112.63 and a beta of 1.27. The stock's 50-day moving average price is $55.60 and its 200 day moving average price is $76.84. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The business had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. During the same quarter in the prior year, the company earned $0.14 EPS. On average, research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Debra A. Bradford bought 1,508 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, with a total value of $74,480.12. Following the completion of the transaction, the director now directly owns 3,348 shares of the company's stock, valued at approximately $165,357.72. This represents a 81.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Davis R. Deadman purchased 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $53.50 per share, with a total value of $80,250.00. Following the completion of the acquisition, the director now owns 10,220 shares in the company, valued at approximately $546,770. This represents a 17.20% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TFIN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Stephens reiterated an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. B. Riley restated a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, DA Davidson cut their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Triumph Financial presently has an average rating of "Hold" and a consensus target price of $68.20.

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.