KBC Group NV Purchases 32,403 Shares of Triumph Financial, Inc. $TFIN

KBC Group NV boosted its position in shares of Triumph Financial, Inc. (NYSE:TFIN) by 3,946.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,224 shares of the company’s stock after acquiring an additional 32,403 shares during the period. KBC Group NV’s holdings in Triumph Financial were worth $1,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TFIN. Farther Finance Advisors LLC grew its holdings in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after purchasing an additional 155 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Triumph Financial during the 4th quarter valued at $174,000. Maryland State Retirement & Pension System acquired a new stake in shares of Triumph Financial in the 4th quarter worth $206,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Triumph Financial in the 4th quarter worth $208,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Price Performance

Shares of TFIN opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 0.99. The company’s fifty day moving average price is $73.92 and its 200-day moving average price is $66.95. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $83.52. The firm has a market capitalization of $1.84 billion, a PE ratio of 51.95 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The company had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. On average, equities research analysts predict that Triumph Financial, Inc. will post 1.88 EPS for the current year.

Insider Transactions at Triumph Financial

In other news, insider Todd Ritterbusch bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $67.01 per share, with a total value of $469,070.00. Following the completion of the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the completion of the sale, the executive vice president owned 18,434 shares in the company, valued at approximately $1,229,547.80. This represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TFIN has been the topic of several recent analyst reports. Stephens upped their target price on Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday. B. Riley Financial raised their price target on Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.50.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.