Townsquare Capital LLC Lowers Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Townsquare Capital LLC reduced its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,207 shares of the company’s stock after selling 2,132 shares during the quarter. Townsquare Capital LLC owned about 0.35% of Triumph Financial worth $6,539,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

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

Triumph Financial Trading Down 0.4 %

NASDAQ TFIN opened at $108.38 on Friday. The stock has a market cap of $2.54 billion, a P/E ratio of 138.95 and a beta of 1.18. The company’s fifty day simple moving average is $89.26 and its 200-day simple moving average is $83.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52 week low of $66.61 and a 52 week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same quarter in the previous year, the business posted $0.51 EPS. Equities research analysts predict that Triumph Financial, Inc. will post 0.62 EPS 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.