Banc Funds Co. LLC Sells 29,500 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Banc Funds Co. LLC lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 10.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 264,243 shares of the company’s stock after selling 29,500 shares during the quarter. Triumph Financial accounts for about 2.3% of Banc Funds Co. LLC’s investment portfolio, making the stock its 6th largest holding. Banc Funds Co. LLC owned approximately 1.13% of Triumph Financial worth $21,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Verition Fund Management LLC grew its stake in Triumph Financial by 44.3% during the third quarter. Verition Fund Management LLC now owns 3,853 shares of the company’s stock worth $306,000 after buying an additional 1,182 shares during the period. BNP Paribas Financial Markets boosted its position in Triumph Financial by 77.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company’s stock worth $1,199,000 after purchasing an additional 6,601 shares during the period. Quantbot Technologies LP acquired a new stake in Triumph Financial in the 3rd quarter valued at $49,000. Charles Schwab Investment Management Inc. raised its position in Triumph Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company’s stock valued at $15,553,000 after purchasing an additional 7,021 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Triumph Financial by 44.5% during the third quarter. Intech Investment Management LLC now owns 6,185 shares of the company’s stock worth $492,000 after purchasing an additional 1,906 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analyst Ratings Changes

TFIN has been the subject of a number of recent research reports. B. Riley reiterated a “neutral” rating and issued a $65.00 target price on shares of Triumph Financial in a research note on Wednesday, October 2nd. DA Davidson increased their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Stock Down 1.2 %

Shares of NASDAQ TFIN opened at $107.09 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial, Inc. has a 1 year low of $66.85 and a 1 year high of $110.58. The stock’s 50-day simple moving average is $89.77 and its 200-day simple moving average is $84.02. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 137.30 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities analysts anticipate that Triumph Financial, Inc. will post 0.62 earnings per share for the current fiscal year.

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.