Verition Fund Management LLC Raises Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Verition Fund Management LLC increased its position in Triumph Financial, Inc. (NASDAQ:TFINFree Report) by 44.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,853 shares of the company’s stock after purchasing an additional 1,182 shares during the period. Verition Fund Management LLC’s holdings in Triumph Financial were worth $306,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Triumph Financial in the second quarter valued at approximately $447,000. Louisiana State Employees Retirement System grew its position in Triumph Financial by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $891,000 after purchasing an additional 200 shares during the last quarter. Callan Family Office LLC increased its stake in Triumph Financial by 1.1% in the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock valued at $954,000 after purchasing an additional 126 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Triumph Financial by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,787 shares of the company’s stock valued at $473,000 after buying an additional 444 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of Triumph Financial by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 158,196 shares of the company’s stock worth $12,933,000 after buying an additional 2,060 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction on Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. The trade was a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TFIN shares. DA Davidson boosted their price target on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. B. Riley restated a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.60.

Check Out Our Latest Analysis on TFIN

Triumph Financial Stock Performance

Shares of TFIN stock opened at $98.64 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12-month low of $66.85 and a 12-month high of $110.58. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 126.46 and a beta of 1.21. The stock has a 50 day simple moving average of $94.80 and a 200-day simple moving average of $85.80.

Triumph Financial (NASDAQ:TFINGet Free Report) last issued its earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. The company had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities analysts forecast that Triumph Financial, Inc. will post 0.62 EPS for the current year.

Triumph Financial Profile

(Free Report)

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.

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

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