Triumph Financial, Inc. (NASDAQ:TFIN) Stock Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142,820 shares of the company’s stock after purchasing an additional 79,777 shares during the period. Thrivent Financial for Lutherans owned 4.89% of Triumph Financial worth $93,425,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Triumph Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,962,856 shares of the company’s stock valued at $157,382,000 after acquiring an additional 29,858 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Triumph Financial in the 2nd quarter valued at approximately $720,000. Bares Capital Management Inc. raised its stake in shares of Triumph Financial by 10.7% in the 4th quarter. Bares Capital Management Inc. now owns 256,235 shares of the company’s stock valued at $20,545,000 after acquiring an additional 24,847 shares in the last quarter. Sei Investments Co. raised its stake in shares of Triumph Financial by 77.9% in the 1st quarter. Sei Investments Co. now owns 45,741 shares of the company’s stock valued at $3,628,000 after acquiring an additional 20,026 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Triumph Financial in the 1st quarter valued at approximately $988,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TFIN. DA Davidson raised their price objective on Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Piper Sandler raised their price objective on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Stephens reissued an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Finally, Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $75.00 to $70.00 in a report on Friday, July 19th.

Triumph Financial Stock Down 2.6 %

Shares of TFIN stock opened at $81.80 on Friday. Triumph Financial, Inc. has a 12 month low of $56.91 and a 12 month high of $95.46. The firm has a market cap of $1.91 billion, a PE ratio of 62.44 and a beta of 1.20. The stock has a 50 day moving average of $84.14 and a 200-day moving average of $78.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a return on equity of 3.57% and a net margin of 6.05%. The business had revenue of $124.18 million for the quarter, compared to analyst estimates of $103.43 million. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts predict that Triumph Financial, Inc. will post 0.87 EPS for the current year.

Insider Activity

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

Triumph Financial 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.