8,802 Shares in Triumph Financial, Inc. (NASDAQ:TFIN) Bought by First Hawaiian Bank

First Hawaiian Bank bought a new position in Triumph Financial, Inc. (NASDAQ:TFIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,802 shares of the company’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TFIN. Larson Financial Group LLC bought a new stake in shares of Triumph Financial in the 4th quarter valued at about $42,000. Quest Partners LLC bought a new position in Triumph Financial in the 4th quarter valued at about $75,000. ProShare Advisors LLC raised its holdings in Triumph Financial by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,468 shares of the company’s stock valued at $354,000 after acquiring an additional 306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Triumph Financial by 26.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,343 shares of the company’s stock valued at $428,000 after acquiring an additional 1,111 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Triumph Financial in the 1st quarter valued at about $443,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TFIN. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $75.00 to $70.00 in a report on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and set a $74.00 target price on shares of Triumph Financial in a report on Thursday, July 18th. DA Davidson raised their target price on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Piper Sandler raised their target price on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, July 19th.

Insider Activity

In related news, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of Triumph Financial stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Todd Ritterbusch sold 3,000 shares of Triumph Financial stock in a transaction on Monday, May 13th. The shares were sold at an average price of $74.07, for a total transaction of $222,210.00. Following the completion of the sale, the insider now directly owns 7,434 shares of the company’s stock, valued at $550,636.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,452 shares of company stock valued at $1,203,417. Insiders own 6.15% of the company’s stock.

Triumph Financial Price Performance

Shares of NASDAQ TFIN traded down $3.55 during trading hours on Monday, hitting $81.29. 269,892 shares of the stock were exchanged, compared to its average volume of 167,148. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.90 billion, a PE ratio of 62.05 and a beta of 1.21. The company’s fifty day simple moving average is $80.83 and its two-hundred day simple moving average is $77.03. Triumph Financial, Inc. has a 1-year low of $56.91 and a 1-year high of $95.46.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The firm had revenue of $124.18 million for the quarter, compared to analyst estimates of $103.43 million. During the same quarter in the prior year, the business posted $0.29 EPS. On average, sell-side analysts predict that Triumph Financial, Inc. will post 0.9 EPS for the current 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.