Triumph Financial, Inc. $TFIN Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lowered its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 31.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,439 shares of the company’s stock after selling 40,451 shares during the period. Goldman Sachs Group Inc. owned 0.37% of Triumph Financial worth $5,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in shares of Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company’s stock worth $153,000 after purchasing an additional 2,647 shares in the last quarter. Titleist Asset Management LLC acquired a new position in shares of Triumph Financial during the first quarter worth $231,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Triumph Financial during the first quarter worth $332,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Transactions at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,500 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of the sale, the executive vice president directly owned 27,832 shares of the company’s stock, valued at approximately $1,680,774.48. This represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron P. Graft sold 6,500 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer directly owned 144,558 shares of the company’s stock, valued at $8,699,500.44. The trade was a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $58.07 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The company has a market capitalization of $1.38 billion, a PE ratio of 131.97 and a beta of 1.29. The company has a fifty day moving average of $59.51 and a two-hundred day moving average of $58.09.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The business had revenue of $108.06 million during the quarter, compared to analysts’ expectations of $105.85 million. As a group, analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.75.

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.