Quantinno Capital Management LP Raises Holdings in Triumph Financial, Inc. $TFIN

Quantinno Capital Management LP raised its stake in Triumph Financial, Inc. (NYSE:TFINFree Report) by 111.2% during the first quarter, Holdings Channel.com reports. The firm owned 16,181 shares of the company’s stock after purchasing an additional 8,519 shares during the quarter. Quantinno Capital Management LP’s holdings in Triumph Financial were worth $965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TFIN. Farther Finance Advisors LLC grew its position in shares of Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after buying an additional 155 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Triumph Financial in the fourth quarter worth approximately $174,000. Amundi lifted its stake in Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company’s stock worth $202,000 after acquiring an additional 550 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in Triumph Financial during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TFIN. B. Riley Financial increased their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Stephens lifted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods increased their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, Triumph Financial has an average rating of “Hold” and a consensus target price of $85.00.

Check Out Our Latest Report on Triumph Financial

Insider Buying and Selling at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total value of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the transaction, the executive vice president directly owned 18,434 shares in the company, valued at $1,229,547.80. This trade represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.51% of the company’s stock.

Triumph Financial Stock Performance

Shares of TFIN opened at $78.23 on Monday. The stock has a 50 day moving average price of $76.35 and a 200 day moving average price of $67.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 52.86 and a beta of 1.39. Triumph Financial, Inc. has a 52-week low of $46.43 and a 52-week high of $83.52.

Triumph Financial (NYSE:TFINGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The company had revenue of $120.24 million for the quarter, compared to analyst estimates of $114.67 million. Research analysts predict that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

About Triumph Financial

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triumph Financial, Inc. (NYSE:TFINFree Report).

Institutional Ownership by Quarter for Triumph Financial (NYSE:TFIN)

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