BlackRock Inc. Invests $259.02 Million in Triumph Financial, Inc. $TFIN

BlackRock Inc. bought a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) in the second quarter, HoldingsChannel reports. The fund bought 3,394,337 shares of the company’s stock, valued at approximately $259,022,000. BlackRock Inc. owned 0.14% of Triumph Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Triumph Financial by 46.1% during the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares in the last quarter. Entropy Technologies LP boosted its holdings in Triumph Financial by 6.2% in the third quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock valued at $255,000 after purchasing an additional 300 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Triumph Financial by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company’s stock valued at $675,000 after purchasing an additional 397 shares during the last quarter. Finally, Amundi raised its holdings in Triumph Financial by 15.3% during the third quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Activity

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the transaction, the executive vice president directly owned 15,534 shares in the company, valued at approximately $1,145,632.50. This trade represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total value of $296,437.50. Following the completion of the transaction, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. The trade was a 13.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.51% of the company’s stock.

Triumph Financial Trading Up 0.2%

NYSE TFIN opened at $73.67 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $1.76 billion, a PE ratio of 49.78 and a beta of 1.39. Triumph Financial, Inc. has a one year low of $46.43 and a one year high of $83.52. The firm’s fifty day moving average is $76.56 and its two-hundred day moving average is $68.35.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The business had revenue of $120.24 million during the quarter, compared to analysts’ expectations of $114.67 million. Analysts expect that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on TFIN shares. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Stephens lifted their price target on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. DA Davidson upped their price objective on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods raised their price objective on Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.00.

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.