Illinois Municipal Retirement Fund Has $960,000 Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

Illinois Municipal Retirement Fund trimmed its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,970 shares of the company’s stock after selling 757 shares during the period. Illinois Municipal Retirement Fund’s holdings in Triumph Financial were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers raised its position in Triumph Financial by 0.4% during the third quarter. Rhumbline Advisers now owns 68,558 shares of the company’s stock valued at $4,442,000 after purchasing an additional 266 shares in the last quarter. Swiss National Bank raised its position in Triumph Financial by 1.0% during the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after purchasing an additional 500 shares in the last quarter. Handelsbanken Fonder AB raised its position in Triumph Financial by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,200 shares of the company’s stock valued at $497,000 after purchasing an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Triumph Financial by 77.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock valued at $91,000 after purchasing an additional 610 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Triumph Financial by 26.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,343 shares of the company’s stock worth $428,000 after buying an additional 1,111 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Trading Up 0.7 %

TFIN opened at $71.07 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Financial, Inc. has a fifty-two week low of $46.67 and a fifty-two week high of $82.22. The firm has a market capitalization of $1.66 billion, a PE ratio of 54.25 and a beta of 1.18. The company’s 50-day moving average is $75.30 and its 200 day moving average is $72.72.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. DA Davidson decreased their target price on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Stephens reduced their price objective on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Finally, Piper Sandler cut shares of Triumph Financial from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $65.40.

About Triumph Financial

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.