Corient Private Wealth LLC Buys Shares of 57,999 Triumph Financial, Inc. $TFIN

Corient Private Wealth LLC bought a new stake in shares of Triumph Financial, Inc. (NYSE:TFIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,999 shares of the company’s stock, valued at approximately $3,633,000. Corient Private Wealth LLC owned 0.24% of Triumph Financial as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. lifted its stake in Triumph Financial by 2.4% in the fourth quarter. Invesco Ltd. now owns 67,480 shares of the company’s stock valued at $4,226,000 after purchasing an additional 1,594 shares during the last quarter. Voloridge Investment Management LLC increased its position in Triumph Financial by 10.4% in the fourth quarter. Voloridge Investment Management LLC now owns 126,746 shares of the company’s stock worth $7,938,000 after buying an additional 11,984 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Triumph Financial in the fourth quarter valued at $277,000. AQR Capital Management LLC raised its stake in shares of Triumph Financial by 42.0% in the fourth quarter. AQR Capital Management LLC now owns 10,497 shares of the company’s stock valued at $657,000 after buying an additional 3,107 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new stake in shares of Triumph Financial in the fourth quarter valued at $3,151,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In other news, insider Todd Ritterbusch acquired 7,000 shares of Triumph Financial stock in a transaction that occurred on Friday, May 8th. The stock was bought 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 owned 22,804 shares in the company, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is currently owned by insiders.

Triumph Financial Stock Performance

Shares of TFIN opened at $76.79 on Friday. The stock’s 50-day simple moving average is $69.07 and its 200 day simple moving average is $64.82. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 64.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $77.90.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share 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 during the quarter, compared to analyst estimates of $106.88 million. Research analysts forecast that Triumph Financial, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TFIN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. 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, Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and an average price target of $64.75.

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.