Blue Trust Inc. Buys 259 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Blue Trust Inc. lifted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 122.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 470 shares of the company’s stock after acquiring an additional 259 shares during the period. Blue Trust Inc.’s holdings in Triumph Financial were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock worth $215,052,000 after purchasing an additional 1,896,348 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after acquiring an additional 79,777 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after acquiring an additional 77,546 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after acquiring an additional 63,760 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Triumph Financial by 96.7% during the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock valued at $7,355,000 after acquiring an additional 44,233 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $87.61 on Friday. Triumph Financial, Inc. has a fifty-two week low of $62.47 and a fifty-two week high of $95.46. The company has a 50 day simple moving average of $82.08 and a two-hundred day simple moving average of $79.89. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 112.32 and a beta of 1.20. 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 announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same quarter last year, the firm earned $0.51 earnings per share. Analysts expect that Triumph Financial, Inc. will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Triumph Financial news, COO Edward Joseph Schreyer sold 6,128 shares of Triumph Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now owns 39,698 shares of the company’s stock, valued at approximately $3,231,814.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Stephens reaffirmed an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Finally, Piper Sandler raised their price objective 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. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.60.

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.