Foundations Investment Advisors LLC Makes New Investment in Triumph Financial, Inc. $TFIN

Foundations Investment Advisors LLC purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,636 shares of the company’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TFIN. Fifth Third Bancorp increased its stake in Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 209 shares in 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 buying an additional 155 shares in the last quarter. AlphaQuest LLC acquired a new stake 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 buying an additional 514 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Stock Performance

Shares of TFIN opened at $71.39 on Tuesday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 59.99 and a beta of 1.39. Triumph Financial, Inc. has a one year low of $46.43 and a one year high of $77.84. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day simple moving average of $63.98.

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

Insider Transactions at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch purchased 7,000 shares of Triumph Financial stock in a transaction that occurred on Friday, May 8th. The stock was 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 owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 directly owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.