First Sabrepoint Capital Management LP Sells 63,400 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

First Sabrepoint Capital Management LP decreased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 38.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 100,000 shares of the company's stock after selling 63,400 shares during the quarter. Triumph Financial accounts for about 2.3% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 16th biggest position. First Sabrepoint Capital Management LP owned about 0.43% of Triumph Financial worth $7,954,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. grew its position in Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company's stock valued at $38,000 after acquiring an additional 259 shares during the period. Quantbot Technologies LP acquired a new position in shares of Triumph Financial during the third quarter worth approximately $49,000. KBC Group NV grew its stake in shares of Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company's stock valued at $63,000 after purchasing an additional 253 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company's stock valued at $74,000 after purchasing an additional 600 shares in the last quarter. Finally, Profund Advisors LLC bought a new position in Triumph Financial in the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Insider Activity

In other news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares in the company, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.15% of the company's stock.

Wall Street Analyst Weigh In

TFIN has been the topic of several recent research reports. DA Davidson raised their price target on Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. B. Riley reiterated a "neutral" rating and issued a $65.00 target price on shares of Triumph Financial in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $71.60.

Triumph Financial Stock Down 0.9 %

TFIN stock traded down $0.92 during mid-day trading on Tuesday, hitting $100.89. 78,893 shares of the company were exchanged, compared to its average volume of 153,389. 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 1-year low of $66.85 and a 1-year high of $110.58. The firm's 50 day simple moving average is $92.76 and its 200 day simple moving average is $85.22. The firm has a market cap of $2.36 billion, a P/E ratio of 130.53 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $125.57 million for the quarter, compared to analysts' expectations of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same period in the previous year, the firm posted $0.51 EPS. On average, sell-side analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.