Geode Capital Management LLC Has $41.22 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Geode Capital Management LLC lifted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 518,112 shares of the company’s stock after purchasing an additional 8,609 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Triumph Financial worth $41,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in shares of Triumph Financial by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $891,000 after acquiring an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Triumph Financial by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,787 shares of the company’s stock worth $473,000 after acquiring an additional 444 shares during the period. Peregrine Capital Management LLC lifted its position in Triumph Financial by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 158,196 shares of the company’s stock worth $12,933,000 after acquiring an additional 2,060 shares during the last quarter. Kings Path Partners LLC bought a new stake in Triumph Financial during the second quarter valued at about $728,000. Finally, nVerses Capital LLC increased its stake in shares of Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after purchasing an additional 600 shares during the period. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

NASDAQ:TFIN opened at $92.70 on Wednesday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 118.85 and a beta of 1.21. The company has a 50-day moving average of $96.82 and a 200-day moving average of $86.80. Triumph Financial, Inc. has a 52 week low of $66.85 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now owns 151,533 shares in the company, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.15% of the company’s stock.

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.