Empirical Capital Management LLC Invests $1.30 Million in Triumph Financial, Inc. $TFIN

Empirical Capital Management LLC purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,725 shares of the company’s stock, valued at approximately $1,298,000. Triumph Financial makes up about 0.9% of Empirical Capital Management LLC’s portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TFIN. Fifth Third Bancorp increased its holdings in shares of Triumph Financial by 85.4% in the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock valued at $25,000 after purchasing an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Triumph Financial by 66.8% in the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Triumph Financial in the third quarter valued at about $56,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Triumph Financial by 28.1% in the third quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock valued at $117,000 after acquiring an additional 514 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

TFIN has been the topic of several research reports. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. DA Davidson restated a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.75.

Insider Transactions at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the transaction, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was bought 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. The trade was a 44.29% increase in their position. The SEC filing for this purchase provides additional information. 5.51% of the stock is currently owned by corporate insiders.

Triumph Financial Trading Up 0.7%

TFIN stock opened at $70.66 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 59.38 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.84. The business has a 50-day moving average of $63.35.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The firm had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. As a group, equities analysts predict that Triumph Financial, Inc. will post 1.72 EPS for the current fiscal year.

Triumph Financial 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.