Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,540 shares of the company’s stock after selling 1,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Triumph Financial were worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TFIN. First Hawaiian Bank acquired a new stake in Triumph Financial during the 2nd quarter worth about $720,000. American Century Companies Inc. raised its stake in shares of Triumph Financial by 12.6% in the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock worth $46,654,000 after purchasing an additional 63,760 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock worth $93,425,000 after purchasing an additional 79,777 shares during the period. Daiwa Securities Group Inc. boosted its position in Triumph Financial by 182.3% in the second quarter. Daiwa Securities Group Inc. now owns 35,169 shares of the company’s stock valued at $2,875,000 after buying an additional 22,711 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Triumph Financial by 258.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock worth $215,052,000 after buying an additional 1,896,348 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Triumph Financial Trading Down 0.1 %

Triumph Financial stock opened at $107.02 on Tuesday. 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 firm has a market cap of $2.50 billion, a PE ratio of 137.21 and a beta of 1.18. The stock’s 50 day simple moving average is $89.77 and its two-hundred day simple moving average is $84.02. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58.

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

Triumph Financial Company 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.