US Bancorp DE Purchases 3,987 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

US Bancorp DE lifted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 43.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,103 shares of the company’s stock after acquiring an additional 3,987 shares during the period. US Bancorp DE’s holdings in Triumph Financial were worth $1,042,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Triumph Financial by 258.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after purchasing an additional 1,896,348 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Triumph Financial by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock valued at $156,624,000 after purchasing an additional 11,722 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after buying an additional 79,777 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Triumph Financial by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company’s stock valued at $85,607,000 after buying an additional 8,541 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Triumph Financial by 1.0% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company’s stock valued at $72,048,000 after buying an additional 8,990 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $75.00 to $70.00 in a research note on Friday, July 19th. Stephens reiterated an “equal weight” rating and set a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Piper Sandler lifted their price objective on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, July 19th. Finally, B. Riley reiterated a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Stock Up 0.5 %

TFIN stock opened at $95.82 on Friday. Triumph Financial, Inc. has a 1-year low of $64.05 and a 1-year high of $102.49. The business has a fifty day moving average price of $83.05 and a 200-day moving average price of $80.66. 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 stock has a market capitalization of $2.24 billion, a P/E ratio of 122.85 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The firm had revenue of $125.57 million during the quarter, compared to analysts’ expectations of $106.29 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current fiscal year.

Triumph Financial Profile

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.