Philadelphia Financial Management of San Francisco LLC Takes $6.24 Billion Position in Triumph Financial, Inc. $TFIN

Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,781 shares of the company’s stock, valued at approximately $6,240,708,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after buying an additional 155 shares during the last quarter. Quantbot Technologies LP purchased a new position in Triumph Financial during the second quarter worth about $40,000. Tower Research Capital LLC TRC lifted its position in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Triumph Financial in the fourth quarter valued at about $174,000. Finally, Howard Financial Services LTD. purchased a new stake in Triumph Financial in the 2nd quarter valued at approximately $229,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. This trade represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the sale, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.51% of the company’s stock.

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $73.67 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.76 billion, a P/E ratio of 49.78 and a beta of 1.39. The business’s fifty day moving average price is $76.56 and its 200 day moving average price is $68.35. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $83.52.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TFIN. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Stephens lifted their price target on Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods upped their price objective on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. DA Davidson raised their target price on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, B. Riley Financial boosted their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus 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.