Deutsche Bank AG Buys 6,800 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Deutsche Bank AG boosted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 49.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,633 shares of the company’s stock after purchasing an additional 6,800 shares during the period. Deutsche Bank AG owned approximately 0.09% of Triumph Financial worth $1,875,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock worth $184,252,000 after acquiring an additional 24,868 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Triumph Financial by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock worth $106,840,000 after acquiring an additional 19,286 shares during the period. American Century Companies Inc. increased its holdings in shares of Triumph Financial by 34.0% during the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock worth $71,086,000 after buying an additional 198,611 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Triumph Financial by 478.3% in the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company’s stock valued at $31,860,000 after purchasing an additional 289,955 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Triumph Financial by 7.6% during the fourth quarter. Northern Trust Corp now owns 227,875 shares of the company’s stock valued at $20,709,000 after acquiring an additional 16,061 shares during the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Debra A. Bradford purchased 1,508 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $49.39 per share, with a total value of $74,480.12. Following the purchase, the director now directly owns 3,348 shares of the company’s stock, valued at approximately $165,357.72. This trade represents a 81.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Davis R. Deadman bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average price of $53.50 per share, with a total value of $80,250.00. Following the completion of the purchase, the director now directly owns 10,220 shares of the company’s stock, valued at approximately $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 4,008 shares of company stock worth $208,380 in the last three months. Corporate insiders own 5.58% of the company’s stock.

Analyst Upgrades and Downgrades

TFIN has been the topic of a number of recent research reports. DA Davidson cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods lowered their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Finally, B. Riley restated a “neutral” rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.20.

Triumph Financial Trading Up 0.3%

NASDAQ TFIN opened at $58.17 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.36 billion, a P/E ratio of 107.72 and a beta of 1.27. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The firm has a 50-day moving average price of $55.55 and a 200 day moving average price of $75.31.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The company had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. During the same quarter last year, the business earned $0.14 EPS. Equities research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Triumph Financial Company 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.