Triumph Financial, Inc. (NASDAQ:TFIN) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,413 shares of the company’s stock after buying an additional 1,547 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Triumph Financial worth $1,669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Triumph Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock valued at $156,624,000 after purchasing an additional 11,722 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Triumph Financial by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,042,533 shares of the company’s stock valued at $83,591,000 after purchasing an additional 14,714 shares during the period. Wellington Management Group LLP lifted its stake in Triumph Financial by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 568,882 shares of the company’s stock worth $45,613,000 after acquiring an additional 17,380 shares in the last quarter. Ranger Investment Management L.P. boosted its stake in shares of Triumph Financial by 1.2% in the fourth quarter. Ranger Investment Management L.P. now owns 400,509 shares of the company’s stock valued at $32,113,000 after purchasing an additional 4,660 shares during the period. Finally, Bares Capital Management Inc. increased its position in shares of Triumph Financial by 10.7% during the fourth quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock worth $20,545,000 after acquiring an additional 24,847 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Friday, July 19th. Stephens restated an “equal weight” rating and issued a $74.00 price target on shares of Triumph Financial in a research report on Thursday, July 18th. Keefe, Bruyette & Woods cut shares of Triumph Financial from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $75.00 to $70.00 in a research note on Friday, July 19th. Finally, DA Davidson upped their price target on shares of Triumph Financial from $68.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th.

Triumph Financial Trading Down 0.6 %

NASDAQ TFIN opened at $81.97 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $84.34 and its 200-day simple moving average is $78.58. The stock has a market cap of $1.91 billion, a P/E ratio of 62.57 and a beta of 1.20. Triumph Financial, Inc. has a 52 week low of $56.91 and a 52 week high of $95.46.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The firm had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. During the same period in the prior year, the firm earned $0.29 earnings per share. Equities research analysts predict that Triumph Financial, Inc. will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Adam D. Nelson sold 4,598 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the sale, the executive vice president now owns 32,285 shares in the company, valued at $2,817,511.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $81.41, for a total value of $498,880.48. Following the transaction, the chief operating officer now directly owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 4,598 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $87.27, for a total value of $401,267.46. Following the transaction, the executive vice president now directly owns 32,285 shares in the company, valued at approximately $2,817,511.95. The disclosure for this sale can be found here. 6.15% of the stock is currently owned by insiders.

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.