Ranger Investment Management L.P. acquired a new position in shares of Triumph Financial, Inc. (NYSE:TFIN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 483,810 shares of the company’s stock, valued at approximately $36,920,000. Triumph Financial comprises approximately 2.3% of Ranger Investment Management L.P.’s portfolio, making the stock its 8th largest holding. Ranger Investment Management L.P. owned about 2.02% of Triumph Financial at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of TFIN. BlackRock Inc. acquired a new stake in shares of Triumph Financial during the second quarter valued at about $259,022,000. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. AltraVue Capital LLC increased its stake in shares of 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 buying an additional 273,718 shares during the period. State Street Corp increased its stake in shares of 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 buying an additional 23,678 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Triumph Financial by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock valued at $49,641,000 after buying an additional 3,530 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.
Triumph Financial Price Performance
Shares of TFIN opened at $74.85 on Monday. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 50.57 and a beta of 1.39. The business has a 50-day moving average of $76.54 and a 200-day moving average of $68.18.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on TFIN shares. DA Davidson lifted their target price on shares of Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. B. Riley Financial upped their price target 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. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Stephens lifted their price target on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.00.
Check Out Our Latest Stock Analysis on TFIN
Insider Activity at Triumph Financial
In other news, EVP Edward Joseph Schreyer sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $73.75, for a total value of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at approximately $1,145,632.50. The trade was a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $296,437.50. Following the completion of the sale, the executive vice president directly owned 23,755 shares in the company, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.51% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Triumph Financial
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Receive News & Ratings for Triumph Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Financial and related companies with MarketBeat.com's FREE daily email newsletter.
