Bank of America Corp DE Has $31.86 Million Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Bank of America Corp DE lifted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 478.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,573 shares of the company's stock after purchasing an additional 289,955 shares during the period. Bank of America Corp DE owned approximately 1.50% of Triumph Financial worth $31,860,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can acquired a new stake in Triumph Financial during the 4th quarter worth about $219,000. JPMorgan Chase & Co. boosted its holdings in shares of Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock worth $1,530,000 after buying an additional 536 shares during the period. US Bancorp DE increased its position in shares of Triumph Financial by 2.5% in the fourth quarter. US Bancorp DE now owns 13,425 shares of the company's stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. Barclays PLC raised its holdings in shares of Triumph Financial by 88.8% during the third quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after acquiring an additional 24,144 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Triumph Financial in the 4th quarter valued at approximately $445,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Triumph Financial

In related news, Director Harrison B. Barnes acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average cost of $53.65 per share, with a total value of $53,650.00. Following the purchase, the director now owns 21,565 shares of the company's stock, valued at approximately $1,156,962.25. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Davis R. Deadman bought 1,500 shares of the firm's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $53.50 per share, with a total value of $80,250.00. Following the transaction, the director now directly owns 10,220 shares of the company's stock, valued at approximately $546,770. This trade represents a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 4,008 shares of company stock worth $208,380 over the last three months. Corporate insiders own 5.58% of the company's stock.

Triumph Financial Stock Down 0.6%

TFIN traded down $0.34 during trading on Thursday, reaching $57.96. 30,239 shares of the stock traded hands, compared to its average volume of 173,528. The stock's 50-day simple moving average is $55.66 and its two-hundred day simple moving average is $75.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 107.33 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TFIN. Stephens reiterated an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. B. Riley reaffirmed a "neutral" rating and issued a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. DA Davidson dropped their price target on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.20.

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.