Tower Research Capital LLC TRC Sells 4,745 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Tower Research Capital LLC TRC lowered its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 82.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995 shares of the company's stock after selling 4,745 shares during the period. Tower Research Capital LLC TRC's holdings in Triumph Financial were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock worth $184,252,000 after buying an additional 24,868 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Triumph Financial by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock valued at $106,840,000 after acquiring an additional 19,286 shares in the last quarter. American Century Companies Inc. increased its stake in Triumph Financial by 34.0% in the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after purchasing an additional 198,611 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Triumph Financial by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock worth $18,092,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of Triumph Financial by 42.3% during the fourth quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock worth $13,490,000 after purchasing an additional 44,100 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price objective (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. 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. Finally, DA Davidson dropped 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 research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, Triumph Financial presently has an average rating of "Hold" and an average price target of $68.20.

Insider Transactions at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes purchased 1,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the purchase, the director now directly owns 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Davis R. Deadman acquired 1,500 shares of the firm's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director now directly owns 10,220 shares of the company's stock, valued at approximately $546,770. This represents a 17.20% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by corporate insiders.

Triumph Financial Stock Performance

Shares of NASDAQ TFIN traded down $0.12 during trading hours on Thursday, hitting $60.84. 41,293 shares of the company's stock were exchanged, compared to its average volume of 172,384. The company's 50-day moving average price is $55.57 and its 200-day moving average price is $76.73. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $110.58. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 112.69 and a beta of 1.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same quarter in the previous year, the business posted $0.14 EPS. On average, sell-side analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Triumph Financial 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.