Deutsche Bank AG Takes Position in Triumph Financial, Inc. $TFIN

Deutsche Bank AG purchased a new position in Triumph Financial, Inc. (NYSE:TFIN) during the second quarter, HoldingsChannel reports. The firm purchased 32,857 shares of the company’s stock, valued at approximately $2,507,000.

Several other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Triumph Financial in the fourth quarter valued at $174,000. Amundi grew its holdings in shares of Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company’s stock valued at $202,000 after purchasing an additional 550 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Triumph Financial in the second quarter worth $206,000. Institutional investors own 91.11% of the company’s stock.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of analyst reports. B. Riley Financial increased their price target on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Finally, DA Davidson lifted their price target 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. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Insider Activity at Triumph Financial

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $73.75, for a total transaction of $213,875.00. Following the sale, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the sale, the executive vice president owned 23,755 shares in the company, valued at approximately $1,877,832.75. This trade represents a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.51% of the stock is currently owned by company insiders.

Triumph Financial Trading Down 2.4%

Shares of NYSE:TFIN opened at $71.92 on Friday. The business has a 50 day moving average of $76.56 and a two-hundred day moving average of $68.37. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52. The company has a market capitalization of $1.72 billion, a PE ratio of 48.59 and a beta of 1.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

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

About Triumph Financial

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.