Triumph Financial, Inc. $TFIN is Ranger Investment Management L.P.’s 7th Largest Position

Ranger Investment Management L.P. increased its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 48.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 523,251 shares of the company’s stock after purchasing an additional 170,871 shares during the quarter. Triumph Financial accounts for 2.3% of Ranger Investment Management L.P.’s holdings, making the stock its 7th biggest holding. Ranger Investment Management L.P.’s holdings in Triumph Financial were worth $31,217,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. M&T Bank Corp raised its stake in shares of Triumph Financial by 235.5% in the fourth quarter. M&T Bank Corp now owns 40,628 shares of the company’s stock valued at $2,545,000 after acquiring an additional 28,519 shares during the period. Investment Management Associates Inc. ADV lifted its holdings in shares of Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock worth $21,304,000 after acquiring an additional 86,761 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Triumph Financial by 1,217.8% during the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after purchasing an additional 86,454 shares during the period. Empirical Capital Management LLC purchased a new position in shares of Triumph Financial during the 4th quarter worth about $1,298,000. Finally, UBS Group AG grew its holdings in Triumph Financial by 13.3% during the 4th quarter. UBS Group AG now owns 102,530 shares of the company’s stock valued at $6,421,000 after purchasing an additional 12,005 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TFIN. DA Davidson reissued a “neutral” rating and issued a $60.00 price objective on shares of Triumph Financial in a research report on Wednesday, April 22nd. Stephens boosted 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, July 23rd. Keefe, Bruyette & Woods upped their target price on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, Zacks Research upgraded Triumph Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $79.50.

Insider Activity

In related news, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $67.01 per share, with a total value of $469,070.00. Following the transaction, the insider directly owned 22,804 shares in the company, valued at approximately $1,528,096.04. This represents a 44.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $66.70, for a total transaction of $193,430.00. Following the completion of the transaction, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. This represents a 13.59% decrease in their ownership of the stock. 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 owned by insiders.

Triumph Financial Stock Up 2.1%

NYSE:TFIN opened at $76.99 on Wednesday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 52.02 and a beta of 1.39. Triumph Financial, Inc. has a twelve month low of $46.43 and a twelve month high of $83.52. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $74.46 and a 200-day simple moving average of $67.10.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Analysts anticipate that Triumph Financial, Inc. will post 1.8 EPS for the current year.

Triumph Financial 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.