Federated Hermes Inc. Lowers Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

Federated Hermes Inc. lessened its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,945 shares of the company’s stock after selling 493 shares during the period. Federated Hermes Inc.’s holdings in Triumph Financial were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TFIN. Illinois Municipal Retirement Fund purchased a new stake in shares of Triumph Financial in the third quarter valued at approximately $825,000. New York State Common Retirement Fund increased its holdings in Triumph Financial by 374.2% in the 3rd quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock worth $2,893,000 after acquiring an additional 35,232 shares in the last quarter. Legato Capital Management LLC raised its position in Triumph Financial by 60.2% during the fourth quarter. Legato Capital Management LLC now owns 61,944 shares of the company’s stock worth $4,967,000 after acquiring an additional 23,270 shares during the period. Kennedy Capital Management LLC lifted its holdings in Triumph Financial by 10.0% during the third quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company’s stock valued at $11,966,000 after purchasing an additional 16,753 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Triumph Financial by 1.0% in the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $3,162,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analysts Set New Price Targets

TFIN has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Piper Sandler lowered Triumph Financial from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $64.00 to $67.00 in a research note on Monday, February 12th. DA Davidson reduced their price objective on Triumph Financial from $73.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Stephens decreased their price objective on Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.40.

Triumph Financial Stock Up 0.1 %

Shares of TFIN opened at $72.08 on Monday. Triumph Financial, Inc. has a 52-week low of $46.67 and a 52-week high of $82.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $74.82 and a two-hundred day simple moving average of $73.10. The company has a market capitalization of $1.68 billion, a PE ratio of 55.02 and a beta of 1.20.

Insiders Place Their Bets

In other news, Director Carlos M. Sepulveda sold 16,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the sale, the director now owns 351,484 shares of the company’s stock, valued at approximately $24,997,542.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.15% of the stock is owned by insiders.

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.