Everence Capital Management Inc. Sells 2,080 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Everence Capital Management Inc. lessened its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 41.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,960 shares of the company’s stock after selling 2,080 shares during the quarter. Everence Capital Management Inc.’s holdings in Triumph Financial were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System lifted its stake in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after acquiring an additional 124 shares during the last quarter. Callan Family Office LLC grew its holdings in Triumph Financial by 1.7% during the third quarter. Callan Family Office LLC now owns 11,868 shares of the company’s stock worth $944,000 after purchasing an additional 201 shares during the period. Kings Path Partners LLC raised its stake 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 buying an additional 216 shares during the period. KBC Group NV lifted its position in shares of 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 buying an additional 253 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Triumph Financial by 122.7% during the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after acquiring an additional 259 shares during the period. 91.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares in the company, valued at $16,117,049.88. This represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TFIN. B. Riley restated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. 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 note on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $86.53 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 110.94 and a beta of 1.24. Triumph Financial, Inc. has a twelve month low of $66.85 and a twelve month high of $110.58. The company has a 50-day simple moving average of $97.36 and a two-hundred day simple moving average of $87.99.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same period in the previous year, the business earned $0.51 earnings per share. Analysts forecast that Triumph Financial, Inc. will post 0.62 EPS for the current year.

Triumph Financial Company 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.