Vanguard Group Inc. Has $115.29 Million Position in Triumph Financial, Inc. $TFIN

Vanguard Group Inc. lessened its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,994,551 shares of the company’s stock after selling 32,869 shares during the period. Vanguard Group Inc. owned 8.52% of Triumph Financial worth $115,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Triumph Financial in the 4th quarter valued at about $219,000. Hsbc Holdings PLC grew its position in shares of Triumph Financial by 185.4% in the 4th quarter. Hsbc Holdings PLC now owns 7,571 shares of the company’s stock valued at $690,000 after buying an additional 4,918 shares during the last quarter. Bank of America Corp DE grew its position 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 buying an additional 289,955 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Triumph Financial by 13.1% in the 1st quarter. New York State Common Retirement Fund now owns 75,021 shares of the company’s stock valued at $4,336,000 after buying an additional 8,670 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Up 1.2%

Shares of Triumph Financial stock opened at $54.76 on Friday. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $58.54 and its 200 day moving average is $59.61. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 124.46 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%.The company had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

Separately, DA Davidson upped their price target on Triumph Financial from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.75.

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.