Deutsche Bank AG Invests $2.51 Million in Triumph Financial, Inc. $TFIN

Key Points

• Deutsche Bank initiated a $2.51 million position in Triumph Financial during the second quarter, buying 32,857 shares and holding approximately 0.14% of the company. Institutional investors collectively own 91.11% of TFIN.
• Several major investors also increased or initiated holdings, while two company executives sold shares under disclosed transactions, reducing their individual ownership. Insiders own 5.51% of the stock.
• Analysts maintain a generally cautious outlook, with all six covering analysts rating TFIN a “Hold” and an average price target of $85. The company’s latest quarterly revenue exceeded expectations, while earnings per share matched consensus at $0.44.

Deutsche Bank AG purchased a new position in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,857 shares of the company's stock, valued at approximately $2,507,000. Deutsche Bank AG owned 0.14% of Triumph Financial as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Triumph Financial during the 2nd quarter valued at about $38,807,000. Bank of New York Mellon Corp acquired a new stake in shares of Triumph Financial in the second quarter worth approximately $9,574,000. Howard Financial Services LTD. purchased a new stake in Triumph Financial in the second quarter valued at approximately $229,000. Bank of America Corp DE grew its holdings in Triumph Financial by 13.1% in the first quarter. Bank of America Corp DE now owns 460,088 shares of the company's stock valued at $27,449,000 after purchasing an additional 53,399 shares during the period. Finally, Royal Bank of Canada increased its position in Triumph Financial by 48.8% during the first quarter. Royal Bank of Canada now owns 61,529 shares of the company's stock worth $3,671,000 after purchasing an additional 20,180 shares during the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Adam D. Nelson sold 3,750 shares of the company's stock in a transaction dated 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 in the company, valued at $1,877,832.75. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the completion of the sale, the executive vice president owned 15,534 shares in the company, valued at $1,145,632.50. This represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.51% of the company's stock.

Wall Street Analyst Weigh In

TFIN has been the subject of several research analyst reports. DA Davidson increased their price objective on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Triumph Financial in a research note on Friday, August 7th. Zacks Research cut Triumph Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Stephens increased their price objective on Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, B. Riley Financial raised their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.00.

Triumph Financial Stock Performance

NYSE TFIN opened at $71.92 on Friday. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 48.59 and a beta of 1.39. The company has a fifty day moving average price of $76.56 and a 200-day moving average price of $68.37.

Triumph Financial (NYSE:TFIN - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The firm had revenue of $120.24 million for the quarter, compared to analysts' expectations of $114.67 million. As a group, equities research analysts predict that Triumph Financial, Inc. will post 1.93 EPS for the current fiscal year.

About Triumph Financial

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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