Bank of America Corp DE Has $27.45 Million Stock Holdings in Triumph Financial, Inc. $TFIN

Key Points

• Bank of America increased its Triumph Financial stake by 13.1% in the first quarter, adding 53,399 shares to hold 460,088 shares worth approximately $27.45 million. Institutional investors collectively own 91.11% of TFIN.
• Analysts remain cautious, with all six covering the stock assigning a Hold rating. The average price target is $85, while recent targets range from $82 to $88.
• Triumph Financial reported quarterly revenue of $120.24 million, above the $114.67 million consensus estimate, while earnings of $0.44 per share matched expectations. The stock opened at $78.23, near its 52-week high of $83.52.

Bank of America Corp DE lifted its holdings in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 460,088 shares of the company's stock after purchasing an additional 53,399 shares during the quarter. Bank of America Corp DE owned approximately 1.93% of Triumph Financial worth $27,449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TFIN. Farther Finance Advisors LLC grew its holdings in Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company's stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock worth $126,000 after purchasing an additional 195 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Triumph Financial in the 4th quarter valued at $174,000. Amundi lifted its stake in Triumph Financial by 15.3% during the third quarter. Amundi now owns 4,156 shares of the company's stock worth $202,000 after purchasing an additional 550 shares during the period. Finally, Maryland State Retirement & Pension System acquired a new position in Triumph Financial during the fourth quarter worth $206,000. 91.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TFIN. B. Riley Financial increased their target price on Triumph Financial from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Stephens raised their price target on shares of Triumph Financial from $82.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a research report on Thursday, July 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Triumph Financial in a research note on Friday, August 7th. Finally, DA Davidson boosted their target price on Triumph Financial from $65.00 to $82.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.00.

Triumph Financial Stock Up 0.0%

TFIN opened at $78.23 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $76.35 and a 200-day moving average of $67.80. Triumph Financial, Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $83.52. The company has a market capitalization of $1.87 billion, a P/E ratio of 52.86 and a beta of 1.39.

Triumph Financial (NYSE:TFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The business had revenue of $120.24 million during the quarter, compared to analysts' expectations of $114.67 million. On average, equities analysts expect that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the sale, the executive vice president directly owned 23,755 shares of the company's stock, valued at approximately $1,877,832.75. This represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total transaction of $193,430.00. Following the transaction, the executive vice president owned 18,434 shares of the company's stock, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is owned by company insiders.

Triumph Financial 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.

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