Triumph Financial, Inc. (NASDAQ:TFIN) is AltraVue Capital LLC’s 4th Largest Position

AltraVue Capital LLC lessened its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 871,296 shares of the company’s stock after selling 4,090 shares during the quarter. Triumph Financial accounts for 7.1% of AltraVue Capital LLC’s investment portfolio, making the stock its 4th largest position. AltraVue Capital LLC owned approximately 3.73% of Triumph Financial worth $71,228,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC increased its holdings in Triumph Financial by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after acquiring an additional 600 shares in the last quarter. Quest Partners LLC purchased a new position in Triumph Financial during the 4th quarter valued at about $75,000. Federated Hermes Inc. increased its holdings in Triumph Financial by 8.1% during the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after acquiring an additional 264 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Triumph Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock worth $354,000 after buying an additional 306 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Triumph Financial during the second quarter worth about $447,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

TFIN opened at $81.97 on Thursday. The company’s 50 day simple moving average is $84.34 and its 200 day simple moving average is $78.58. 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 $56.91 and a 1 year high of $95.46. The stock has a market capitalization of $1.91 billion, a PE ratio of 62.57 and a beta of 1.20.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). The company had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same period in the prior year, the business posted $0.29 earnings per share. As a group, sell-side analysts expect that Triumph Financial, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

TFIN has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $75.00 to $70.00 in a report on Friday, July 19th. DA Davidson lifted their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Piper Sandler lifted their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, July 19th. Finally, Stephens reiterated an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a report on Thursday, July 18th.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the transaction, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the transaction, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the transaction, the chief operating officer now directly owns 39,698 shares in the company, valued at $3,231,814.18. The disclosure for this sale can be found here. 6.15% 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.