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

Foundations Investment Advisors LLC purchased a new stake in Triumph Financial, Inc. (NYSE:TFIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,636 shares of the company’s stock, valued at approximately $541,000.

Other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its stake in shares of Triumph Financial by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after buying an additional 206,010 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Triumph Financial in the third quarter valued at approximately $823,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Triumph Financial by 4.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock valued at $43,475,000 after buying an additional 35,905 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Triumph Financial by 235.5% in the fourth quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after buying an additional 28,519 shares in the last quarter. Finally, Investment Management Associates Inc. ADV boosted its position in Triumph Financial by 34.2% during 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. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Triumph Financial Trading Up 0.2%

Triumph Financial stock opened at $71.39 on Tuesday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 59.99 and a beta of 1.39. The firm has a fifty day simple moving average of $63.98. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week 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.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $105.80 million during the quarter, compared to analyst estimates 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 analysts predict that Triumph Financial, Inc. will post 1.72 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the company’s stock in a transaction 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 purchase, the insider directly owned 22,804 shares of the company’s stock, valued at $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.51% of the company’s stock.

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.