Hsbc Holdings PLC Trims Holdings in Triumph Financial, Inc. $TFIN

Hsbc Holdings PLC lowered its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,525 shares of the company’s stock after selling 13,762 shares during the quarter. Hsbc Holdings PLC’s holdings in Triumph Financial were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AltraVue Capital LLC grew its holdings in Triumph Financial by 22.0% during the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock worth $94,939,000 after acquiring an additional 273,718 shares in the last quarter. Investment Management Associates Inc. ADV increased its holdings 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 buying an additional 86,761 shares during the last quarter. SG Americas Securities LLC raised its stake in Triumph Financial by 1,217.8% during the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after buying an additional 86,454 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in Triumph Financial by 21.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 439,895 shares of the company’s stock valued at $27,551,000 after buying an additional 77,942 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Triumph Financial by 20.3% during the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock worth $25,301,000 after buying an additional 77,390 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 0.9%

TFIN opened at $76.36 on Wednesday. The stock’s 50 day moving average price is $69.51 and its 200 day moving average price is $65.08. 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 stock has a market cap of $1.82 billion, a P/E ratio of 64.17 and a beta of 1.39. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $77.90.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $105.80 million during the quarter, compared to analyst estimates of $106.88 million. As a group, research analysts predict that Triumph Financial, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

TFIN has been the subject of several research reports. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $64.75.

Insider Transactions at Triumph Financial

In related news, insider Todd Ritterbusch bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the transaction, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the transaction, the executive vice president directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their position. 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 owned by insiders.

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.