Banc Funds Co. LLC Sells 29,500 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Banc Funds Co. LLC reduced its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 10.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 264,243 shares of the company’s stock after selling 29,500 shares during the quarter. Triumph Financial makes up 2.3% of Banc Funds Co. LLC’s portfolio, making the stock its 6th biggest position. Banc Funds Co. LLC’s holdings in Triumph Financial were worth $21,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Hawaiian Bank bought a new position in Triumph Financial during the 2nd quarter worth $720,000. American Century Companies Inc. boosted its holdings in shares of Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after acquiring an additional 63,760 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock worth $93,425,000 after acquiring an additional 79,777 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Triumph Financial by 182.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 35,169 shares of the company’s stock worth $2,875,000 after acquiring an additional 22,711 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Triumph Financial by 258.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after purchasing an additional 1,896,348 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson upped their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. B. Riley reiterated a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Triumph Financial has an average rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Stock Performance

Shares of TFIN opened at $107.09 on Monday. The firm has a market capitalization of $2.50 billion, a PE ratio of 137.30 and a beta of 1.18. 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 firm has a 50-day moving average price of $89.77 and a 200 day moving average price of $84.02. Triumph Financial, Inc. has a 52-week low of $66.85 and a 52-week high of $110.58.

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