Norges Bank Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

Norges Bank acquired a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 67,684 shares of the company's stock, valued at approximately $6,151,000. Norges Bank owned 0.29% of Triumph Financial as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Verition Fund Management LLC lifted its holdings in shares of Triumph Financial by 44.3% during the 3rd quarter. Verition Fund Management LLC now owns 3,853 shares of the company's stock valued at $306,000 after acquiring an additional 1,182 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Triumph Financial by 17.1% in the third quarter. HighTower Advisors LLC now owns 6,177 shares of the company's stock worth $491,000 after buying an additional 902 shares during the period. Barclays PLC grew its stake in shares of Triumph Financial by 88.8% in the third quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after buying an additional 24,144 shares in the last quarter. Geode Capital Management LLC lifted its position in Triumph Financial by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 518,112 shares of the company's stock worth $41,218,000 after acquiring an additional 8,609 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Triumph Financial by 5.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 26,474 shares of the company's stock valued at $2,106,000 after acquiring an additional 1,368 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Stock Up 1.9 %

TFIN stock traded up $0.96 during mid-day trading on Tuesday, hitting $51.83. 16,877 shares of the company were exchanged, compared to its average volume of 165,492. The firm has a fifty day simple moving average of $62.86 and a 200 day simple moving average of $80.93. The company has a market capitalization of $1.21 billion, a PE ratio of 95.98 and a beta of 1.18. Triumph Financial, Inc. has a twelve month low of $46.81 and a twelve month high of $110.58. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TFIN shares. DA Davidson decreased their target price on shares of Triumph Financial from $100.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Stephens reissued 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, Keefe, Bruyette & Woods upgraded Triumph Financial from an "underperform" rating to a "market perform" rating and lowered their target price for the company from $80.00 to $74.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $79.00.

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.