Teachers Retirement System of The State of Kentucky Sells 9,856 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• Teachers Retirement System of The State of Kentucky reduced its holdings in Triumph Financial, Inc. by 37.2%, now owning about 0.07% of the company valued at approximately $960,000.
• Several other institutions, including CWM LLC and Victory Capital Management, increased their positions in Triumph Financial during the same period.
• Triumph Financial reported an earnings per share (EPS) of $0.15 for the last quarter, surpassing analysts' expectations of $0.04.

Teachers Retirement System of The State of Kentucky reduced its holdings in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 37.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,618 shares of the company's stock after selling 9,856 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Triumph Financial worth $960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Triumph Financial in the 4th quarter worth approximately $219,000. KLP Kapitalforvaltning AS acquired a new position in Triumph Financial during the 4th quarter worth $445,000. Norges Bank bought a new stake in shares of Triumph Financial during the fourth quarter worth $6,151,000. Finally, Hsbc Holdings PLC increased its position in Triumph Financial by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock worth $690,000 after purchasing an additional 4,918 shares during the period. 91.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TFIN. Keefe, Bruyette & Woods dropped their price target on shares of 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. DA Davidson increased their price target on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, B. Riley restated a "neutral" rating and set a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd.

Triumph Financial Stock Up 0.0%

Shares of NASDAQ TFIN traded up $0.01 during mid-day trading on Friday, reaching $63.09. 176,597 shares of the company's stock were exchanged, compared to its average volume of 331,459. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 143.39 and a beta of 1.29. The business has a fifty day simple moving average of $59.86 and a 200 day simple moving average of $63.21.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million for the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. As a group, equities analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Insider Transactions at Triumph Financial

In other news, Director Harrison B. Barnes bought 1,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the acquisition, the director owned 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 5.58% of the company's stock.

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.