Triumph Financial, Inc. (NASDAQ:TFIN) Shares Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC increased its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 3.4% in the third quarter, HoldingsChannel.com reports. The firm owned 30,796 shares of the company’s stock after buying an additional 1,027 shares during the quarter. Curi RMB Capital LLC’s holdings in Triumph Financial were worth $2,450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Triumph Financial by 258.3% during 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 during the period. Thrivent Financial for Lutherans raised its position in Triumph Financial by 7.5% during the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock worth $93,425,000 after acquiring an additional 79,777 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Triumph Financial by 108.3% during the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after purchasing an additional 77,546 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Triumph Financial by 12.6% during the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock worth $46,654,000 after purchasing an additional 63,760 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Triumph Financial by 96.7% during the 2nd quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock worth $7,355,000 after purchasing an additional 44,233 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TFIN. Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $75.00 to $70.00 in a report on Friday, July 19th. B. Riley reiterated a “neutral” rating and set a $65.00 price target on shares of Triumph Financial in a research report on Wednesday, October 2nd. Piper Sandler raised their price objective on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, July 19th. Finally, DA Davidson upped 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. Two 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.com, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $98.29 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $84.65 and its 200 day moving average price is $81.51. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 126.01 and a beta of 1.18. Triumph Financial, Inc. has a one year low of $66.61 and a one year high of $105.04.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. The firm had revenue of $125.57 million for the quarter, compared to analysts’ expectations of $106.29 million. During the same quarter in the previous year, the company posted $0.51 EPS. On average, research analysts predict that Triumph Financial, Inc. will post 0.62 EPS 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.