Norden Group LLC Reduces Holdings in Triumph Financial, Inc. $TFIN

Norden Group LLC trimmed its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,046 shares of the company’s stock after selling 369 shares during the period. Norden Group LLC’s holdings in Triumph Financial were worth $499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its stake in shares of Triumph Financial by 48.0% during the 1st quarter. CWM LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC grew its holdings in Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after acquiring an additional 320 shares in the last quarter. NBC Securities Inc. lifted its stake in Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock worth $153,000 after purchasing an additional 2,647 shares during the last quarter. Titleist Asset Management LLC acquired a new position in shares of Triumph Financial in the 1st quarter valued at about $231,000. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Triumph Financial by 26.9% during the second quarter. Central Pacific Bank Trust Division now owns 5,605 shares of the company’s stock valued at $309,000 after acquiring an additional 1,187 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Triumph Financial Price Performance

TFIN opened at $51.67 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 117.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company’s 50 day simple moving average is $58.29 and its 200-day simple moving average is $57.76.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. Sell-side analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total transaction of $211,365.00. Following the sale, the executive vice president directly owned 27,832 shares of the company’s stock, valued at $1,680,774.48. The trade was a 11.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer owned 144,558 shares of the company’s stock, valued at $8,699,500.44. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

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.