Mechanics Bank Trust Department Acquires New Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Mechanics Bank Trust Department bought a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,223 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after acquiring an additional 259 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Triumph Financial in the 3rd quarter valued at about $49,000. KBC Group NV boosted its stake in shares of Triumph Financial by 46.4% in 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. Profund Advisors LLC acquired a new position in shares of Triumph Financial during the second quarter worth about $209,000. Finally, LMR Partners LLP purchased a new stake in shares of Triumph Financial during the third quarter worth approximately $225,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of recent research reports. B. Riley reiterated a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a research note on Wednesday, October 2nd. DA Davidson boosted their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.60.

Insider Buying and Selling

In related news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.15% of the stock is owned by company insiders.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $90.75 on Tuesday. The firm has a 50 day simple moving average of $96.78 and a 200-day simple moving average of $88.50. Triumph Financial, Inc. has a twelve month low of $66.85 and a twelve month 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 company has a market capitalization of $2.12 billion, a PE ratio of 116.35 and a beta of 1.24.

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.