American Century Companies Inc. Buys 198,611 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

American Century Companies Inc. grew its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 34.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 782,198 shares of the company’s stock after acquiring an additional 198,611 shares during the period. American Century Companies Inc.’s holdings in Triumph Financial were worth $71,086,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TFIN. Quantbot Technologies LP bought a new position in Triumph Financial during the third quarter worth about $49,000. Smartleaf Asset Management LLC grew its position in shares of Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after purchasing an additional 426 shares during the period. Blue Trust Inc. increased its stake in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares in the last quarter. KBC Group NV raised its holdings in Triumph Financial by 51.9% during the 4th quarter. KBC Group NV now owns 1,212 shares of the company’s stock worth $110,000 after buying an additional 414 shares during the period. Finally, Mechanics Bank Trust Department bought a new position in Triumph Financial in the fourth quarter valued at approximately $202,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and lowered their price objective for the stock from $80.00 to $74.00 in a research report on Thursday, February 27th. Stephens reissued an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, DA Davidson reduced their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.00.

Triumph Financial Trading Down 0.9 %

Shares of NASDAQ:TFIN opened at $64.22 on Wednesday. The stock has a market capitalization of $1.50 billion, a PE ratio of 118.93 and a beta of 1.22. The company’s 50-day moving average price is $72.01 and its two-hundred day moving average price is $83.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial, Inc. has a one year low of $58.22 and a one year high of $110.58.

Triumph Financial (NASDAQ:TFIN) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 EPS 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, equities analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal 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.