10,000 Shares in Triumph Financial, Inc. $TFIN Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Triumph Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock worth $127,202,000 after buying an additional 14,355 shares during the last quarter. AltraVue Capital LLC boosted its holdings in Triumph Financial by 22.0% in the fourth quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after acquiring an additional 273,718 shares during the last quarter. State Street Corp boosted its holdings in Triumph Financial by 1.8% in the second quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after acquiring an additional 23,678 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock valued at $43,475,000 after acquiring an additional 35,905 shares during the period. Finally, Geode Capital Management LLC grew its position in Triumph Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $33,368,000 after acquiring an additional 4,747 shares during the period. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Activity

In other Triumph Financial news, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Todd Ritterbusch acquired 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $67.01 per share, for a total transaction of $469,070.00. Following the purchase, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.51% of the company’s stock.

Triumph Financial Stock Down 1.6%

Shares of Triumph Financial stock opened at $77.41 on Wednesday. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $80.47. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 65.05 and a beta of 1.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $70.68 and a 200 day moving average price of $65.62.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a return on equity of 3.97% and a net margin of 6.07%.The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Equities research analysts forecast that Triumph Financial, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

TFIN has been the topic of a number of research reports. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, DA Davidson reissued a “neutral” rating and set a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, 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.