Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 26.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,343 shares of the company’s stock after buying an additional 1,111 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Triumph Financial were worth $428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TFIN. Illinois Municipal Retirement Fund purchased a new stake in Triumph Financial during the third quarter worth about $825,000. New York State Common Retirement Fund increased its stake in Triumph Financial by 374.2% during the third quarter. New York State Common Retirement Fund now owns 44,648 shares of the company’s stock worth $2,893,000 after purchasing an additional 35,232 shares during the period. Legato Capital Management LLC increased its stake in Triumph Financial by 60.2% during the fourth quarter. Legato Capital Management LLC now owns 61,944 shares of the company’s stock worth $4,967,000 after purchasing an additional 23,270 shares during the period. Kennedy Capital Management LLC increased its stake in Triumph Financial by 10.0% during the third quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company’s stock worth $11,966,000 after purchasing an additional 16,753 shares during the period. Finally, Swiss National Bank increased its stake in Triumph Financial by 1.0% during the third quarter. Swiss National Bank now owns 48,800 shares of the company’s stock worth $3,162,000 after purchasing an additional 500 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

Shares of Triumph Financial stock opened at $72.08 on Friday. Triumph Financial, Inc. has a one year low of $46.67 and a one year high of $82.22. The company has a market cap of $1.68 billion, a PE ratio of 55.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50-day simple moving average of $74.88 and a 200-day simple moving average of $72.86.

Analyst Ratings Changes

A number of brokerages have issued reports on TFIN. Stephens cut their price target on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price objective on Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Piper Sandler downgraded Triumph Financial from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $64.00 to $67.00 in a research report on Monday, February 12th. Finally, DA Davidson lowered their price objective on Triumph Financial from $73.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Triumph Financial currently has an average rating of “Hold” and an average target price of $65.40.

Insider Activity at Triumph Financial

In related news, Director Carlos M. Sepulveda sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $71.12, for a total value of $1,137,920.00. Following the completion of the transaction, the director now directly owns 351,484 shares of the company’s stock, valued at $24,997,542.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.15% of the stock is currently owned by corporate insiders.

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.