Womack Financial LLC Makes New $4 Million Investment in Triumph Financial, Inc. $TFIN

Womack Financial LLC bought a new position in Triumph Financial, Inc. (NYSE:TFIN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 52,381 shares of the company’s stock, valued at approximately $3,997,000. Triumph Financial accounts for approximately 2.6% of Womack Financial LLC’s portfolio, making the stock its 7th largest holding.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Triumph Financial in the second quarter worth $40,000. Tower Research Capital LLC TRC boosted its holdings in shares of Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Triumph Financial in the fourth quarter valued at $174,000. Finally, Amundi raised its stake in shares of Triumph Financial by 15.3% during the 3rd quarter. Amundi now owns 4,156 shares of the company’s stock valued at $202,000 after purchasing an additional 550 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

Triumph Financial stock opened at $73.82 on Tuesday. The firm has a fifty day simple moving average of $76.52 and a two-hundred day simple moving average of $68.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $83.52. The company has a market capitalization of $1.76 billion, a PE ratio of 49.88 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Research analysts expect that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Insider Buying and Selling

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the completion of the sale, the executive vice president owned 15,534 shares of the company’s stock, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total transaction of $296,437.50. Following the transaction, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. The trade was a 13.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on TFIN. Keefe, Bruyette & Woods raised their target price on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Stephens boosted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a report on Friday, August 7th. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, B. Riley Financial boosted their price target on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.00.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.