Portside Wealth Group LLC Has $427,000 Position in Triumph Financial, Inc. $TFIN

Portside Wealth Group LLC decreased its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,753 shares of the company’s stock after selling 1,622 shares during the quarter. Portside Wealth Group LLC’s holdings in Triumph Financial were worth $427,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Triumph Financial by 48.0% in the first quarter. CWM LLC now owns 589 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Triumph Financial during the 2nd quarter worth about $55,000. Titleist Asset Management LLC acquired a new stake in Triumph Financial in the 1st quarter valued at about $231,000. Atria Investments Inc increased its position in Triumph Financial by 5.0% in the 2nd quarter. Atria Investments Inc now owns 5,104 shares of the company’s stock valued at $281,000 after acquiring an additional 243 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Triumph Financial by 10.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,219 shares of the company’s stock worth $288,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stephens boosted their target price on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Friday, October 17th. B. Riley upgraded Triumph Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $70.00 in a report on Monday, October 20th. Finally, DA Davidson reiterated a “neutral” rating and issued a $63.00 price objective on shares of Triumph Financial in a research report on Thursday, October 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.00.

Triumph Financial Price Performance

TFIN opened at $50.55 on Thursday. The stock has a market cap of $1.20 billion, a P/E ratio of 114.88 and a beta of 1.44. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $53.53 and a 200 day simple moving average of $57.15.

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.