First Sabrepoint Capital Management LP Sells 63,400 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

First Sabrepoint Capital Management LP reduced its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 38.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 100,000 shares of the company’s stock after selling 63,400 shares during the period. Triumph Financial comprises 2.3% of First Sabrepoint Capital Management LP’s holdings, making the stock its 16th largest position. First Sabrepoint Capital Management LP’s holdings in Triumph Financial were worth $7,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TFIN. Arizona State Retirement System lifted its stake in shares of Triumph Financial by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after purchasing an additional 124 shares during the period. Callan Family Office LLC raised its holdings in Triumph Financial by 1.1% in the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after purchasing an additional 126 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Triumph Financial by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after buying an additional 200 shares during the period. Kings Path Partners LLC boosted its holdings in shares of Triumph Financial by 2.4% during the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after buying an additional 216 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after buying an additional 253 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TFIN shares. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Triumph Financial currently has a consensus rating of “Hold” and an average price target of $71.60.

Triumph Financial Stock Down 2.3 %

Shares of Triumph Financial stock opened at $101.81 on Tuesday. Triumph Financial, Inc. has a twelve month low of $66.85 and a twelve month high of $110.58. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $92.76 and its 200 day moving average is $85.22. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 130.53 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $125.57 million for the quarter, compared to analysts’ expectations of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current year.

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.