Vanguard Group Inc. Acquires 14,355 Shares of Triumph Financial, Inc. $TFIN

Vanguard Group Inc. boosted its holdings in Triumph Financial, Inc. (NYSE:TFIN) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,031,008 shares of the company’s stock after purchasing an additional 14,355 shares during the quarter. Vanguard Group Inc. owned 0.09% of Triumph Financial worth $127,202,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TFIN. Diamond Hill Capital Management Inc. raised its stake in shares of Triumph Financial by 132.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock worth $18,112,000 after purchasing an additional 206,010 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Triumph Financial during the third quarter valued at approximately $823,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares in the last quarter. M&T Bank Corp raised its position in Triumph Financial by 235.5% in the 4th quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after buying an additional 28,519 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Triumph Financial by 1,217.8% during the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after acquiring an additional 86,454 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insiders Place Their Bets

In other news, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the purchase, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.51% of the company’s stock.

Triumph Financial Stock Down 0.5%

Triumph Financial stock opened at $64.53 on Wednesday. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $77.84. 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 company’s 50 day moving average is $61.51. The company has a market cap of $1.54 billion, a P/E ratio of 54.22 and a beta of 1.40.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The business had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Equities analysts expect that Triumph Financial, Inc. will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TFIN. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Keefe, Bruyette & Woods boosted their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. Zacks Research downgraded Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.