Banc Funds Co. LLC Has $7 Million Stock Holdings in Triumph Financial, Inc. $TFIN

Banc Funds Co. LLC trimmed its position in Triumph Financial, Inc. (NYSE:TFIN) by 26.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 139,845 shares of the company’s stock after selling 49,549 shares during the period. Banc Funds Co. LLC owned about 0.59% of Triumph Financial worth $6,998,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Triumph Financial by 66.8% in the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after acquiring an additional 209 shares during the last quarter. AlphaQuest LLC acquired a new stake in Triumph Financial in the third quarter worth about $56,000. PNC Financial Services Group Inc. increased its position in Triumph Financial by 28.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after purchasing an additional 514 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TFIN has been the topic of a number of research reports. Weiss Ratings upgraded shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. DA Davidson restated a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a report on Thursday, January 29th. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $64.75.

Insiders Place Their Bets

In related news, EVP Adam D. Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the transaction, the executive vice president owned 24,832 shares in the company, valued at approximately $1,618,549.76. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.58% of the stock is owned by insiders.

Triumph Financial Trading Down 0.4%

NYSE:TFIN opened at $55.40 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $77.84. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 59.56 and a beta of 1.50. The firm has a 50-day moving average of $63.95.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Monday, January 26th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.48. The company had revenue of $105.19 million during the quarter, compared to analyst estimates of $111.21 million. Triumph Financial had a return on equity of 3.49% and a net margin of 4.89%.

About Triumph Financial

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.