Fifth Third Bancorp Buys 39,901 Shares of Triumph Financial, Inc. $TFIN

Fifth Third Bancorp raised its stake in Triumph Financial, Inc. (NYSE:TFIN) by 13,344.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,200 shares of the company’s stock after acquiring an additional 39,901 shares during the period. Fifth Third Bancorp’s holdings in Triumph Financial were worth $2,398,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Triumph Financial by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock worth $127,202,000 after purchasing an additional 14,355 shares during the period. AltraVue Capital LLC raised its position in shares of Triumph Financial by 22.0% in the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after buying an additional 273,718 shares in the last quarter. State Street Corp raised its position in shares of Triumph Financial by 1.8% in the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after buying an additional 23,678 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Triumph Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock worth $33,368,000 after acquiring an additional 4,747 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Triumph Financial by 1.6% during the 3rd quarter. Bank of America Corp DE now owns 466,649 shares of the company’s stock worth $23,351,000 after acquiring an additional 7,540 shares during the period. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Price Performance

TFIN stock opened at $79.09 on Wednesday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 66.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day simple moving average of $72.95 and a 200 day simple moving average of $66.63. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $81.00.

Triumph Financial (NYSE:TFIN) last posted its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Research analysts anticipate that Triumph Financial, Inc. will post 1.88 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch purchased 7,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This represents a 44.29% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. DA Davidson reissued a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a report on Wednesday, April 22nd. Finally, Zacks Research raised Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.