Northern Trust Corp Acquires 16,061 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Northern Trust Corp raised its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 227,875 shares of the company's stock after purchasing an additional 16,061 shares during the period. Northern Trust Corp owned approximately 0.97% of Triumph Financial worth $20,709,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TFIN. Bank of Montreal Can bought a new position in shares of Triumph Financial during the 4th quarter worth approximately $219,000. JPMorgan Chase & Co. grew its position in Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock worth $1,530,000 after acquiring an additional 536 shares in the last quarter. US Bancorp DE grew its position in Triumph Financial by 2.5% in the fourth quarter. US Bancorp DE now owns 13,425 shares of the company's stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. Barclays PLC grew its position in Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company's stock worth $4,082,000 after acquiring an additional 24,144 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Triumph Financial in the fourth quarter worth $445,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Insiders Place Their Bets

In related news, Director Harrison B. Barnes bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the acquisition, the director now owns 21,565 shares of the company's stock, valued at $1,156,962.25. This trade represents a 4.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Davis R. Deadman bought 1,500 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the acquisition, the director now directly owns 10,220 shares of the company's stock, valued at $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,008 shares of company stock worth $208,380. 5.58% of the stock is currently owned by company insiders.

Triumph Financial Trading Up 1.6%

Shares of NASDAQ:TFIN traded up $0.95 during midday trading on Friday, hitting $61.34. 204,371 shares of the stock traded hands, compared to its average volume of 173,850. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The stock has a market capitalization of $1.44 billion, a PE ratio of 113.59 and a beta of 1.27. The business's 50 day moving average is $55.64 and its two-hundred day moving average is $76.12. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The company had revenue of $101.57 million during the quarter, compared to the consensus estimate of $104.49 million. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. B. Riley restated a "neutral" rating and set a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. DA Davidson cut their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Stephens reaffirmed an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods lowered their price objective 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $68.20.

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.