Northern Trust Corp Boosts Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Northern Trust Corp lifted its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 227,875 shares of the company's stock after acquiring an additional 16,061 shares during the quarter. Northern Trust Corp owned approximately 0.97% of Triumph Financial worth $20,709,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TFIN. American Century Companies Inc. boosted its position in Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock worth $71,086,000 after purchasing an additional 198,611 shares during the period. Norges Bank bought a new position in Triumph Financial in the 4th quarter worth approximately $6,151,000. Hodges Capital Management Inc. grew its stake in Triumph Financial by 42.3% in the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock valued at $13,490,000 after buying an additional 44,100 shares in the last quarter. Curi RMB Capital LLC raised its holdings in Triumph Financial by 133.9% during the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after acquiring an additional 41,226 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Triumph Financial by 27.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 142,670 shares of the company's stock worth $12,966,000 after acquiring an additional 30,640 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Price Performance

Shares of NASDAQ TFIN traded up $0.95 during midday trading on Friday, hitting $61.34. 204,371 shares of the company's stock were exchanged, compared to its average volume of 173,296. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The business's fifty day moving average price is $55.59 and its two-hundred day moving average price is $76.51. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 113.59 and a beta of 1.27. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $101.57 million during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.14 EPS. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TFIN. DA Davidson reduced their price target on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Stephens restated an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. Finally, B. Riley reaffirmed 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $68.20.

Insiders Place Their Bets

In related news, Director Davis R. Deadman acquired 1,500 shares of Triumph Financial stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $53.50 per share, with a total value of $80,250.00. Following the completion of the purchase, the director now owns 10,220 shares of the company's stock, valued at $546,770. This represents a 17.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Debra A. Bradford acquired 1,508 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $49.39 per share, for a total transaction of $74,480.12. Following the acquisition, the director now owns 3,348 shares of the company's stock, valued at approximately $165,357.72. This trade represents a 81.96% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 4,008 shares of company stock valued at $208,380 over the last quarter. 5.58% of the stock is owned by corporate insiders.

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.