GAMMA Investing LLC Boosts Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

GAMMA Investing LLC increased its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 84.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 698 shares of the company’s stock after purchasing an additional 320 shares during the period. GAMMA Investing LLC’s holdings in Triumph Financial were worth $40,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Triumph Financial by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock valued at $184,252,000 after purchasing an additional 24,868 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Triumph Financial by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock valued at $106,840,000 after purchasing an additional 19,286 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Triumph Financial by 34.0% in the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock valued at $71,086,000 after purchasing an additional 198,611 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 raised its stake in Triumph Financial by 7.6% during the 4th 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TFIN. Keefe, Bruyette & Woods reduced their price objective on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. B. Riley reaffirmed a “neutral” rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, DA Davidson reduced their price objective on Triumph Financial from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.20.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $65.90 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $58.78 and its two-hundred day moving average is $65.47. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 178.11 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.61% and a net margin of 2.44%. The business had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. During the same quarter in the previous year, the firm posted $0.14 EPS. Research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

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

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.