Intech Investment Management LLC Purchases 1,906 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Intech Investment Management LLC boosted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 44.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,185 shares of the company’s stock after purchasing an additional 1,906 shares during the quarter. Intech Investment Management LLC’s holdings in Triumph Financial were worth $492,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TFIN. Blue Trust Inc. lifted its position in Triumph Financial by 122.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares in the last quarter. KBC Group NV increased its holdings in Triumph Financial by 46.4% during the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Triumph Financial by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after purchasing an additional 600 shares during the period. Profund Advisors LLC acquired a new position in shares of Triumph Financial during the second quarter worth about $209,000. Finally, LMR Partners LLP bought a new position in shares of Triumph Financial during the third quarter worth about $225,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TFIN shares. DA Davidson lifted their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, October 18th. B. Riley reissued a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Trading Down 1.2 %

Shares of TFIN stock opened at $107.09 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.50 billion, a P/E ratio of 137.30 and a beta of 1.18. Triumph Financial, Inc. has a twelve month low of $66.85 and a twelve month high of $110.58. The stock’s fifty day simple moving average is $89.77 and its 200 day simple moving average is $84.02.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, sell-side analysts predict that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

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.