Kings Path Partners LLC Has $726,000 Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Kings Path Partners LLC lifted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,125 shares of the company’s stock after purchasing an additional 216 shares during the quarter. Kings Path Partners LLC’s holdings in Triumph Financial were worth $726,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Arizona State Retirement System increased its stake in shares of Triumph Financial by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock worth $507,000 after purchasing an additional 124 shares during the last quarter. Callan Family Office LLC increased its stake in shares of Triumph Financial by 1.1% during the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after purchasing an additional 126 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Triumph Financial by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after purchasing an additional 153 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Triumph Financial by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after buying an additional 200 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Triumph Financial by 8.1% in the 2nd quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock worth $286,000 after acquiring an additional 264 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TFIN. DA Davidson raised their price target on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Piper Sandler raised their target price on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, July 19th. Stephens reiterated an “equal weight” rating and set a $74.00 price target on shares of Triumph Financial in a report on Thursday, July 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and cut their target price for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.60.

Insider Buying and Selling

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total transaction of $498,880.48. Following the sale, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.15% of the company’s stock.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $79.07 on Friday. The business’s 50 day moving average is $80.61 and its 200-day moving average is $78.84. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.85 billion, a PE ratio of 71.88 and a beta of 1.20. Triumph Financial, Inc. has a 1-year low of $56.91 and a 1-year high of $95.46.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The business had revenue of $124.18 million during the quarter, compared to analyst estimates of $103.43 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same quarter in the prior year, the company posted $0.29 EPS. Sell-side analysts predict that Triumph Financial, Inc. will post 0.67 earnings per share for the current year.

Triumph Financial Profile

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.