11,497 Shares in Triumph Financial, Inc. $TFIN Purchased by Jacobs Asset Management LLC

Jacobs Asset Management LLC acquired a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,497 shares of the company’s stock, valued at approximately $720,000.

A number of other large investors have also added to or reduced their stakes in TFIN. AltraVue Capital LLC increased its holdings in Triumph Financial by 22.0% during the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after buying an additional 273,718 shares during the last quarter. Investment Management Associates Inc. ADV increased its stake in shares of Triumph Financial by 34.2% in the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after purchasing an additional 86,761 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Triumph Financial by 1,217.8% in the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after purchasing an additional 86,454 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Triumph Financial by 21.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 439,895 shares of the company’s stock worth $27,551,000 after purchasing an additional 77,942 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Triumph Financial by 20.3% in the second quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after purchasing an additional 77,390 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $75.93 on Friday. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $77.84. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 63.80 and a beta of 1.39. The company has a fifty day moving average of $66.60 and a 200-day moving average of $63.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The company had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Equities research analysts expect that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the sale, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $67.01 per share, with a total value of $469,070.00. Following the completion of the acquisition, the insider directly owned 22,804 shares in the company, valued at $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TFIN. Wall Street Zen upgraded shares of Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Finally, Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial has a consensus rating of “Hold” and an average price target of $64.75.

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.