Index Fund Advisors Inc. Acquires New Holdings in Triumph Financial, Inc. $TFIN

Index Fund Advisors Inc. acquired a new stake in Triumph Financial, Inc. (NASDAQ:TFIN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,843 shares of the company’s stock, valued at approximately $598,000.

Several other hedge funds have also recently bought and sold shares of TFIN. Kayne Anderson Rudnick Investment Management LLC lifted its position in Triumph Financial by 12.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company’s stock valued at $172,921,000 after purchasing an additional 330,165 shares during the last quarter. Nuveen LLC bought a new stake in Triumph Financial in the 1st quarter valued at about $3,409,000. Dark Forest Capital Management LP lifted its position in Triumph Financial by 1,228.5% in the 1st quarter. Dark Forest Capital Management LP now owns 59,875 shares of the company’s stock valued at $3,461,000 after purchasing an additional 55,368 shares during the last quarter. Peregrine Capital Management LLC lifted its position in Triumph Financial by 24.8% in the 1st quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company’s stock valued at $10,480,000 after purchasing an additional 35,990 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Triumph Financial by 33.7% in the 1st quarter. Russell Investments Group Ltd. now owns 112,983 shares of the company’s stock valued at $6,530,000 after purchasing an additional 28,507 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Down 2.9%

Triumph Financial stock opened at $46.99 on Monday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 106.80 and a beta of 1.31. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $55.74 and its two-hundred day moving average price is $56.74. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million for the quarter, compared to analysts’ expectations of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Aaron P. Graft sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following the sale, the chief executive officer directly owned 144,558 shares in the company, valued at $8,699,500.44. The trade was a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam D. Nelson sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the sale, the executive vice president owned 27,832 shares in the company, valued at $1,680,774.48. The trade was a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson lifted their price objective on shares of Triumph Financial from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.75.

About Triumph Financial

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.