Geode Capital Management LLC Purchases 8,609 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Geode Capital Management LLC raised its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 518,112 shares of the company's stock after buying an additional 8,609 shares during the quarter. Geode Capital Management LLC owned approximately 2.22% of Triumph Financial worth $41,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TFIN. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Triumph Financial by 258.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company's stock worth $215,052,000 after buying an additional 1,896,348 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Triumph Financial by 1.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,156,330 shares of the company's stock valued at $91,975,000 after buying an additional 13,510 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Triumph Financial by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,047,240 shares of the company's stock valued at $85,607,000 after buying an additional 8,541 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Triumph Financial by 1.0% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 881,323 shares of the company's stock worth $72,048,000 after purchasing an additional 8,990 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company's stock valued at $46,654,000 after buying an additional 63,760 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Aaron P. Graft sold 13,500 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now directly owns 151,533 shares in the company, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.15% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. B. Riley reiterated a "neutral" rating and issued a $65.00 price objective on shares of Triumph Financial in a research note 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $71.60.

Triumph Financial Stock Performance

TFIN stock traded up $0.46 during midday trading on Wednesday, hitting $92.70. The stock had a trading volume of 49,996 shares, compared to its average volume of 153,521. Triumph Financial, Inc. has a 52 week low of $66.85 and a 52 week high of $110.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $97.06 and a 200 day simple moving average of $86.92. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 118.85 and a beta of 1.21.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $0.51 EPS. As a group, equities research analysts anticipate that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Triumph Financial Company 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.