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

First Sabrepoint Capital Management LP reduced its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,488 shares of the company's stock after selling 32,512 shares during the quarter. Triumph Financial accounts for approximately 1.6% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 22nd biggest holding. First Sabrepoint Capital Management LP owned approximately 0.29% of Triumph Financial worth $6,133,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its position in shares of Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after purchasing an additional 289,955 shares during the last quarter. American Century Companies Inc. raised its holdings in Triumph Financial by 34.0% in the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after acquiring an additional 198,611 shares during the last quarter. Norges Bank acquired a new stake in Triumph Financial in the 4th quarter valued at about $6,151,000. Hodges Capital Management Inc. raised its holdings in Triumph Financial by 42.3% in the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock valued at $13,490,000 after acquiring an additional 44,100 shares during the last quarter. Finally, Curi RMB Capital LLC raised its holdings in Triumph Financial by 133.9% in the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after acquiring an additional 41,226 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Price Performance

TFIN traded up $0.84 on Friday, hitting $57.44. 260,573 shares of the company were exchanged, compared to its average volume of 169,346. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The business's fifty day moving average is $55.68 and its 200 day moving average is $77.14. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The firm has a market capitalization of $1.35 billion, a P/E ratio of 106.37 and a beta of 1.27.

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

Insider Transactions at Triumph Financial

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of Triumph Financial stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the transaction, the director now owns 3,348 shares in the company, valued at $165,357.72. This represents a 81.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Davis R. Deadman acquired 1,500 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was purchased at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the acquisition, the director now owns 10,220 shares in the company, valued at approximately $546,770. This trade represents a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 4,008 shares of company stock valued at $208,380 over the last 90 days. Corporate insiders own 5.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TFIN shares. Keefe, Bruyette & Woods cut their price objective on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Stephens reiterated an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a report 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 report on Wednesday, April 23rd. Finally, DA Davidson cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $68.20.

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.