Vanguard Group Inc. Has $127.20 Million Stake in Triumph Financial, Inc. $TFIN

Vanguard Group Inc. lifted its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,031,008 shares of the company’s stock after purchasing an additional 14,355 shares during the quarter. Vanguard Group Inc. owned 8.55% of Triumph Financial worth $127,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TFIN. Fifth Third Bancorp increased its stake in Triumph Financial by 85.4% in the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock valued at $25,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Triumph Financial by 46.1% in the 4th quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after purchasing an additional 155 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Triumph Financial in the 3rd quarter valued at $56,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Triumph Financial by 28.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Trading Down 0.5%

TFIN stock opened at $64.53 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 54.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $61.51. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $77.84.

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

Insider Activity at Triumph Financial

In other news, insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the transaction, the insider directly owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.