Mendon Capital Advisors Corp Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

Mendon Capital Advisors Corp purchased a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,500 shares of the company’s stock, valued at approximately $1,022,000. Triumph Financial makes up 0.9% of Mendon Capital Advisors Corp’s investment portfolio, making the stock its 26th largest position. Mendon Capital Advisors Corp owned approximately 0.05% of Triumph Financial at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC grew its position in Triumph Financial by 200.0% during the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after buying an additional 600 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of Triumph Financial during the second quarter worth about $209,000. Wallace Advisory Group LLC bought a new position in shares of Triumph Financial in the second quarter worth approximately $246,000. Federated Hermes Inc. increased its position in shares of Triumph Financial by 8.1% in the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock worth $286,000 after purchasing an additional 264 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Triumph Financial in the second quarter valued at approximately $350,000. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

TFIN stock opened at $76.56 on Wednesday. The firm has a market cap of $1.79 billion, a P/E ratio of 58.44 and a beta of 1.20. The firm’s fifty day moving average is $82.81 and its 200 day moving average is $78.91. Triumph Financial, Inc. has a 52 week low of $56.91 and a 52 week high of $95.46. 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 (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 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 analysts’ expectations of $103.43 million. Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. During the same quarter in the prior year, the firm posted $0.29 EPS. Research analysts predict that Triumph Financial, Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Piper Sandler upped their target price on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Friday, July 19th. Stephens restated an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a research report on Thursday, July 18th. Finally, DA Davidson upped their price objective on Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 19th.

Insiders Place Their Bets

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

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.