Triumph Financial, Inc. (NASDAQ:TFIN) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,011 shares of the company’s stock after purchasing an additional 3,219 shares during the period. Principal Financial Group Inc. owned approximately 0.46% of Triumph Financial worth $9,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Precision Wealth Strategies LLC lifted its stake in Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. lifted its stake in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after purchasing an additional 204 shares during the last quarter. KBC Group NV lifted its stake in Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after purchasing an additional 253 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Triumph Financial by 2.1% during the fourth quarter. Tectonic Advisors LLC now owns 23,190 shares of the company’s stock valued at $2,108,000 after purchasing an additional 474 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Triumph Financial by 0.5% during the third quarter. Hodges Capital Management Inc. now owns 104,335 shares of the company’s stock valued at $8,299,000 after purchasing an additional 500 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Stock Up 0.8 %

TFIN stock opened at $68.85 on Friday. Triumph Financial, Inc. has a 12-month low of $66.85 and a 12-month high of $110.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 127.50 and a beta of 1.22. The company has a 50 day moving average of $81.29 and a two-hundred day moving average of $86.36.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. On average, equities analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TFIN. DA Davidson reduced their price target on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and reduced their price target for the company from $80.00 to $74.00 in a research report on Thursday. Finally, Stephens restated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $79.00.

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.