Hsbc Holdings PLC Cuts Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Hsbc Holdings PLC lessened its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,513 shares of the company’s stock after selling 654 shares during the period. Hsbc Holdings PLC’s holdings in Triumph Financial were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Triumph Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after buying an additional 29,858 shares in the last quarter. First Hawaiian Bank bought a new position in Triumph Financial during the second quarter valued at $720,000. Bares Capital Management Inc. grew its stake in shares of Triumph Financial by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after buying an additional 24,847 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock worth $3,628,000 after buying an additional 20,026 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Triumph Financial during the 1st quarter valued at about $988,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

TFIN opened at $74.63 on Friday. The business has a fifty day moving average of $81.84 and a 200 day moving average of $78.87. The stock has a market cap of $1.74 billion, a P/E ratio of 56.97 and a beta of 1.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52-week low of $56.91 and a 52-week high of $95.46.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The company had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

TFIN has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $75.00 to $70.00 in a research report on Friday, July 19th. Stephens reiterated an “equal weight” rating and issued a $74.00 target price on shares of Triumph Financial in a report on Thursday, July 18th. B. Riley restated a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a report on Wednesday. Piper Sandler lifted their price objective on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. Finally, DA Davidson boosted their price objective on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.60.

Insiders Place Their Bets

In related news, COO Edward Joseph Schreyer sold 6,128 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now owns 39,698 shares in the company, valued at approximately $3,231,814.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the firm’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 owns 32,285 shares of the company’s stock, valued at approximately $2,817,511.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at $3,231,814.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.15% of the company’s stock.

Triumph Financial 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.