Sippican Capital Advisors Acquires 13,970 Shares of Triumph Financial, Inc. $TFIN

Sippican Capital Advisors increased its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 33.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,081 shares of the company’s stock after buying an additional 13,970 shares during the period. Triumph Financial comprises about 2.2% of Sippican Capital Advisors’ portfolio, making the stock its 5th biggest position. Sippican Capital Advisors owned 0.24% of Triumph Financial worth $3,091,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased 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 buying an additional 191 shares during the period. GAMMA Investing LLC increased 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 buying an additional 320 shares during the period. Titleist Asset Management LLC purchased a new stake in shares of Triumph Financial during the first quarter worth approximately $231,000. Central Pacific Bank Trust Division increased its stake in shares of Triumph Financial by 26.9% during the second quarter. Central Pacific Bank Trust Division now owns 5,605 shares of the company’s stock worth $309,000 after buying an additional 1,187 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Triumph Financial during the first quarter worth approximately $332,000. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson upped 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.75.

Insider Activity at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 6,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following the transaction, the chief executive officer directly owned 144,558 shares in the company, valued at $8,699,500.44. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam D. Nelson sold 3,500 shares of the stock in a transaction that occurred on 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 $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.58% of the company’s stock.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $46.99 on Friday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 106.80 and a beta of 1.31. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $55.74 and its two-hundred day moving average is $56.77.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. Research analysts forecast that Triumph Financial, Inc. will post 1.08 EPS 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.