Stifel Financial Corp Sells 5,537 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Stifel Financial Corp decreased its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,293 shares of the company's stock after selling 5,537 shares during the quarter. Stifel Financial Corp owned approximately 0.16% of Triumph Financial worth $2,966,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFIN. Arizona State Retirement System increased its holdings in Triumph Financial by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company's stock valued at $507,000 after purchasing an additional 124 shares during the period. Callan Family Office LLC raised its holdings in shares of Triumph Financial by 1.1% during the second quarter. Callan Family Office LLC now owns 11,667 shares of the company's stock valued at $954,000 after acquiring an additional 126 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Triumph Financial by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock worth $891,000 after acquiring an additional 200 shares during the period. Kings Path Partners LLC boosted its holdings in Triumph Financial by 2.4% in the third quarter. Kings Path Partners LLC now owns 9,125 shares of the company's stock valued at $726,000 after acquiring an additional 216 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company's stock valued at $63,000 after acquiring an additional 253 shares in the last quarter. 91.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson raised their target price on shares of 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 reissued a "neutral" rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, Triumph Financial presently has a consensus rating of "Hold" and a consensus price target of $71.60.

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 13,500 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 151,533 shares in the company, valued at $16,117,049.88. The trade was a 8.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.15% of the stock is currently owned by company insiders.

Triumph Financial Stock Up 0.5 %

Shares of TFIN stock traded up $0.44 during mid-day trading on Wednesday, reaching $97.67. 10,209 shares of the company's stock traded hands, compared to its average volume of 152,381. The company's 50-day moving average price is $95.72 and its 200-day moving average price is $86.32. The company has a market cap of $2.28 billion, a P/E ratio of 124.66 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58.

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, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. The business had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts expect that Triumph Financial, Inc. will post 0.62 earnings per share 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.