Verition Fund Management LLC Increases Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Verition Fund Management LLC boosted its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 44.3% in the 3rd quarter, Holdings Channel reports. The fund owned 3,853 shares of the company’s stock after purchasing an additional 1,182 shares during the period. Verition Fund Management LLC’s holdings in Triumph Financial were worth $306,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Triumph Financial by 122.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after buying an additional 259 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Triumph Financial in the 3rd quarter valued at $49,000. KBC Group NV grew its stake in shares of Triumph Financial by 46.4% during the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after buying an additional 253 shares during the period. nVerses Capital LLC increased its holdings in shares of Triumph Financial by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after buying an additional 600 shares during the last quarter. Finally, Profund Advisors LLC purchased a new position in shares of Triumph Financial in the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of Triumph Financial stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. The trade was a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.15% of the stock is currently owned by company insiders.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $98.64 on Friday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 126.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a 1-year low of $66.85 and a 1-year high of $110.58. The business has a 50-day moving average of $94.80 and a 200-day moving average of $85.80.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TFIN has been the subject of several research analyst reports. DA Davidson upped their price target on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. B. Riley reaffirmed a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.60.

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.