New York State Common Retirement Fund Grows Stock Holdings in Triumph Financial, Inc. $TFIN

New York State Common Retirement Fund lifted its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 42.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,511 shares of the company’s stock after purchasing an additional 31,490 shares during the quarter. New York State Common Retirement Fund’s holdings in Triumph Financial were worth $5,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TFIN. Kayne Anderson Rudnick Investment Management LLC raised its stake in Triumph Financial by 12.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock valued at $172,921,000 after buying an additional 330,165 shares during the last quarter. Investment Management Associates Inc. ADV increased its holdings in shares of Triumph Financial by 113.6% during the second quarter. Investment Management Associates Inc. ADV now owns 247,580 shares of the company’s stock valued at $13,644,000 after acquiring an additional 131,678 shares in the last quarter. Nuveen LLC purchased a new position in shares of Triumph Financial in the 1st quarter worth about $3,409,000. Dark Forest Capital Management LP boosted its stake in Triumph Financial by 1,228.5% in the 1st quarter. Dark Forest Capital Management LP now owns 59,875 shares of the company’s stock worth $3,461,000 after purchasing an additional 55,368 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Triumph Financial during the 2nd quarter valued at about $2,290,000. Institutional investors own 91.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TFIN. Stephens lifted their target price on shares of Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. B. Riley upgraded shares of Triumph Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $70.00 in a report on Monday, October 20th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $63.00 price objective on shares of Triumph Financial in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.00.

Triumph Financial Stock Performance

Shares of TFIN stock opened at $61.38 on Friday. 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 company has a 50 day moving average price of $53.54 and a 200-day moving average price of $56.91. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $105.26. The firm has a market capitalization of $1.46 billion, a PE ratio of 139.51 and a beta of 1.50.

Triumph Financial 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.