New York State Common Retirement Fund Acquires 20,909 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

New York State Common Retirement Fund boosted its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,557 shares of the company's stock after buying an additional 20,909 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of Triumph Financial worth $5,256,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TFIN. Allspring Global Investments Holdings LLC grew its stake in Triumph Financial by 77.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company's stock valued at $91,000 after purchasing an additional 610 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Triumph Financial during the third quarter worth $200,000. Welch Group LLC acquired a new position in shares of Triumph Financial during the 4th quarter worth about $212,000. NBC Securities Inc. bought a new stake in shares of Triumph Financial in the 3rd quarter valued at about $221,000. Finally, Howard Financial Services LTD. acquired a new stake in Triumph Financial in the 4th quarter valued at about $241,000. 91.11% of the stock is owned by institutional investors.

Triumph Financial Trading Up 0.1 %

NASDAQ TFIN traded up $0.04 on Friday, reaching $72.08. The company had a trading volume of 200,112 shares, compared to its average volume of 227,502. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 55.02 and a beta of 1.20. Triumph Financial, Inc. has a fifty-two week low of $46.67 and a fifty-two week high of $82.22. The business has a 50 day moving average of $74.82 and a two-hundred day moving average of $73.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00.

Analyst Ratings Changes

TFIN has been the subject of a number of research reports. DA Davidson cut their target price on shares of Triumph Financial from $73.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Stephens decreased their price objective on shares of Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 25th. Piper Sandler cut shares of Triumph Financial from a "neutral" rating to an "underweight" rating and increased their target price for the stock from $64.00 to $67.00 in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the company a "market perform" rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $65.40.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, Director Carlos M. Sepulveda sold 16,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the completion of the sale, the director now owns 351,484 shares of the company's stock, valued at approximately $24,997,542.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.15% of the company's stock.

About Triumph Financial

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.