Banc Funds Co. LLC Reduces Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Banc Funds Co. LLC reduced its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,894 shares of the company's stock after selling 41,349 shares during the quarter. Triumph Financial comprises about 2.2% of Banc Funds Co. LLC's holdings, making the stock its 9th biggest holding. Banc Funds Co. LLC owned 0.95% of Triumph Financial worth $20,257,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TFIN. Smartleaf Asset Management LLC increased its position in shares of Triumph Financial by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. grew its position in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company's stock worth $61,000 after acquiring an additional 204 shares during the last quarter. KBC Group NV increased its stake in Triumph Financial by 51.9% in the 4th quarter. KBC Group NV now owns 1,212 shares of the company's stock worth $110,000 after purchasing an additional 414 shares during the period. Mechanics Bank Trust Department bought a new stake in Triumph Financial in the fourth quarter valued at approximately $202,000. Finally, Cottonwood Capital Advisors LLC purchased a new stake in shares of Triumph Financial during the fourth quarter valued at approximately $215,000. 91.11% of the stock is owned by institutional investors.

Triumph Financial Trading Down 2.7 %

Shares of NASDAQ TFIN traded down $1.33 during midday trading on Friday, hitting $48.62. 1,033,324 shares of the company traded hands, compared to its average volume of 162,965. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a 50-day moving average price of $60.66 and a 200 day moving average price of $80.14. The firm has a market cap of $1.14 billion, a P/E ratio of 90.04 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The firm had revenue of $101.57 million during the quarter, compared to analysts' expectations of $104.49 million. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TFIN has been the subject of several recent analyst reports. Stephens reaffirmed an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Triumph Financial from an "underperform" rating to a "market perform" rating and reduced their price target for the company from $80.00 to $74.00 in a report on Thursday, February 27th. Finally, DA Davidson dropped their price objective on Triumph Financial from $100.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $79.00.

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.