Triumph Financial, Inc. $TFIN Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 48.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,529 shares of the company’s stock after buying an additional 20,180 shares during the quarter. Royal Bank of Canada’s holdings in Triumph Financial were worth $3,671,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TFIN. Farther Finance Advisors LLC grew its position in shares of Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Triumph Financial by 9.3% in the second 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 during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Triumph Financial in the fourth quarter valued at $174,000. Amundi boosted its stake in Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company’s stock valued at $202,000 after acquiring an additional 550 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in Triumph Financial in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TFIN. DA Davidson lifted their target price on Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. B. Riley Financial upped their target price on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Keefe, Bruyette & Woods raised their price target on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Friday, August 7th. Finally, Stephens lifted their price target on Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.00.

Triumph Financial Stock Down 0.3%

TFIN stock opened at $78.23 on Friday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 52.86 and a beta of 1.39. The company has a fifty day moving average price of $76.35 and a 200 day moving average price of $67.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. Triumph Financial, Inc. has a 12 month low of $46.43 and a 12 month high of $83.52.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Sell-side analysts expect that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Insider Activity

In related news, EVP Adam D. Nelson sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the transaction, the executive vice president owned 23,755 shares of the company’s stock, valued at $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction dated 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 directly owned 18,434 shares in the company, valued at approximately $1,229,547.80. This represents 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 currently owned by corporate insiders.

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.