WCM Investment Management LLC Acquires 27,852 Shares of Triumph Financial, Inc. $TFIN

WCM Investment Management LLC grew its stake in Triumph Financial, Inc. (NYSE:TFIN) by 31.1% during the first quarter, HoldingsChannel.com reports. The firm owned 117,512 shares of the company’s stock after buying an additional 27,852 shares during the period. WCM Investment Management LLC’s holdings in Triumph Financial were worth $6,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp boosted its stake in Triumph Financial by 235.5% during the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock worth $2,545,000 after acquiring an additional 28,519 shares during the last quarter. Investment Management Associates Inc. ADV increased its stake in Triumph Financial by 34.2% in the fourth quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock valued at $21,304,000 after purchasing an additional 86,761 shares in the last quarter. SG Americas Securities LLC raised its holdings in 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 during the period. Empirical Capital Management LLC acquired a new stake in Triumph Financial in the fourth quarter worth $1,298,000. Finally, UBS Group AG boosted its position in shares of Triumph Financial by 13.3% during the fourth quarter. UBS Group AG now owns 102,530 shares of the company’s stock worth $6,421,000 after purchasing an additional 12,005 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Insider Activity

In other Triumph Financial news, insider Todd Ritterbusch acquired 7,000 shares of the business’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 completion of the transaction, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred 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 transaction, the executive vice president owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.51% of the company’s stock.

Triumph Financial Stock Performance

Shares of TFIN opened at $77.86 on Tuesday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 65.43 and a beta of 1.39. The firm has a fifty day simple moving average of $72.66 and a 200 day simple moving average of $66.52. 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 12 month low of $46.43 and a 12 month high of $81.00.

Triumph Financial (NYSE:TFIN) last released its earnings results 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 return on equity of 3.97% and a net margin of 6.07%.The business had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Research analysts forecast that Triumph Financial, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

TFIN has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report 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 upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Triumph Financial presently has a consensus rating of “Hold” and a consensus 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.