Hsbc Holdings PLC Sells 14,525 Shares of Triumph Financial, Inc. $TFIN

Hsbc Holdings PLC lowered its position in Triumph Financial, Inc. (NYSE:TFIN) by 61.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company’s stock after selling 14,525 shares during the quarter. Hsbc Holdings PLC’s holdings in Triumph Financial were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TFIN. Vanguard Group Inc. increased its stake in shares of Triumph Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock worth $127,202,000 after purchasing an additional 14,355 shares during the last quarter. AltraVue Capital LLC lifted its stake in Triumph Financial by 22.0% in the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after purchasing an additional 273,718 shares during the last quarter. State Street Corp grew its holdings in Triumph Financial by 1.8% during the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock worth $72,302,000 after purchasing an additional 23,678 shares during the period. Geode Capital Management LLC grew its holdings in Triumph Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock worth $33,368,000 after purchasing an additional 4,747 shares during the period. Finally, Bank of America Corp DE raised its stake in Triumph Financial by 1.6% in the third quarter. Bank of America Corp DE now owns 466,649 shares of the company’s stock valued at $23,351,000 after buying an additional 7,540 shares during the period. Institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling at Triumph Financial

In related news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value 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. The trade was a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch bought 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TFIN. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson increased their price target on Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. B. Riley Financial raised their price target on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Stephens lifted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.00.

Triumph Financial Trading Up 2.7%

Shares of TFIN stock opened at $75.82 on Friday. The firm has a 50 day moving average price of $74.98 and a two-hundred day moving average price of $67.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.81 billion, a PE ratio of 51.23 and a beta of 1.39. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. As a group, analysts predict that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Triumph Financial Company Profile

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.