Hsbc Holdings PLC Has $1.47 Million Holdings in Triumph Financial, Inc. $TFIN

Hsbc Holdings PLC lowered its holdings in shares of Triumph Financial, Inc. (NYSE:TFIN) by 36.9% during the fourth quarter, HoldingsChannel reports. The firm 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 SEC filing.

Several other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in 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. Tower Research Capital LLC TRC lifted its stake in Triumph Financial by 9.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Triumph Financial during the 4th quarter worth approximately $174,000. Amundi grew its stake in shares of Triumph Financial by 15.3% during the 3rd quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after acquiring an additional 550 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of Triumph Financial in the fourth quarter valued at approximately $206,000. Institutional investors own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch acquired 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, for a total transaction of $469,070.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Triumph Financial Stock Up 1.0%

TFIN traded up $0.79 during trading on Friday, reaching $78.35. 175,435 shares of the stock were exchanged, compared to its average volume of 266,515. The stock has a market cap of $1.87 billion, a P/E ratio of 65.84 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. The stock’s 50 day moving average price is $71.24 and its two-hundred day moving average price is $65.89. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $80.47.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Equities analysts expect that Triumph Financial, Inc. will post 1.88 EPS for the current year.

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.