Triumph Financial, Inc. (NASDAQ:TFIN) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 46.8% during the 4th quarter, HoldingsChannel reports. The fund owned 65,557 shares of the company’s stock after acquiring an additional 20,909 shares during the period. New York State Common Retirement Fund’s holdings in Triumph Financial were worth $5,256,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC bought a new position in Triumph Financial during the third quarter valued at approximately $200,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Triumph Financial by 77.2% during the 3rd 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. NBC Securities Inc. acquired a new stake in shares of Triumph Financial in the 3rd quarter valued at $221,000. Victory Capital Management Inc. boosted its holdings in Triumph Financial by 64.3% in the third quarter. Victory Capital Management Inc. now owns 6,325 shares of the company’s stock worth $410,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in Triumph Financial during the third quarter worth $825,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Triumph Financial Price Performance

NASDAQ TFIN opened at $72.08 on Friday. The stock has a 50-day simple moving average of $74.82 and a 200 day simple moving average of $72.94. Triumph Financial, Inc. has a twelve month low of $46.67 and a twelve month high of $82.22. The stock has a market capitalization of $1.68 billion, a PE ratio of 55.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00.

Insiders Place Their Bets

In other news, Director Carlos M. Sepulveda sold 16,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the sale, the director now directly owns 351,484 shares of the company’s stock, valued at $24,997,542.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.15% of the company’s stock.

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.