GSA Capital Partners LLP Sells 1,209 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

GSA Capital Partners LLP trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,088 shares of the company’s stock after selling 1,209 shares during the period. GSA Capital Partners LLP’s holdings in Triumph Financial were worth $1,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Central Pacific Bank Trust Division bought a new stake in shares of Triumph Financial during the first quarter worth approximately $443,000. Daiwa Securities Group Inc. acquired a new position in shares of Triumph Financial in the first quarter valued at approximately $988,000. Sippican Capital Advisors boosted its holdings in shares of Triumph Financial by 6.7% in the first quarter. Sippican Capital Advisors now owns 38,039 shares of the company’s stock valued at $3,017,000 after buying an additional 2,386 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Triumph Financial by 77.8% in the first quarter. BNP Paribas Financial Markets now owns 11,028 shares of the company’s stock valued at $875,000 after buying an additional 4,825 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Triumph Financial by 112.4% in the first quarter. Commonwealth Equity Services LLC now owns 7,779 shares of the company’s stock valued at $617,000 after buying an additional 4,116 shares during the period. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Todd Ritterbusch sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $74.07, for a total transaction of $222,210.00. Following the transaction, the insider now directly owns 7,434 shares of the company’s stock, valued at $550,636.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Triumph Financial news, insider Todd Ritterbusch sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $74.07, for a total value of $222,210.00. Following the transaction, the insider now directly owns 7,434 shares of the company’s stock, valued at approximately $550,636.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlos M. Sepulveda sold 16,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the completion of the transaction, the director now directly owns 351,484 shares in the company, valued at $24,997,542.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,854 shares of company stock valued at $1,940,069. 6.15% of the stock is owned by company insiders.

Triumph Financial Stock Performance

Shares of TFIN traded up $2.28 during trading hours on Wednesday, hitting $83.38. The company had a trading volume of 23,027 shares, compared to its average volume of 161,155. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 61.91 and a beta of 1.22. The business has a fifty day moving average of $75.70 and a 200-day moving average of $75.56. Triumph Financial, Inc. has a 12 month low of $56.91 and a 12 month high of $83.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, April 17th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. The business had revenue of $101.03 million for the quarter, compared to the consensus estimate of $106.01 million. Equities analysts anticipate that Triumph Financial, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TFIN shares. Keefe, Bruyette & Woods increased their target price on shares of Triumph Financial from $68.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, June 18th. DA Davidson reduced their target price on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.80.

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.