Comerica Bank Boosts Holdings in Triumph Financial, Inc. $TFIN

Comerica Bank raised its holdings in shares of Triumph Financial, Inc. (NYSE:TFIN) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,807 shares of the company’s stock after acquiring an additional 7,593 shares during the quarter. Comerica Bank’s holdings in Triumph Financial were worth $3,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. grew its holdings in shares of Triumph Financial by 132.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock worth $18,112,000 after buying an additional 206,010 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Triumph Financial during the third quarter worth about $823,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Triumph Financial by 4.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 868,807 shares of the company’s stock worth $43,475,000 after buying an additional 35,905 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Triumph Financial by 16.5% during the third quarter. Peregrine Capital Management LLC now owns 183,268 shares of the company’s stock worth $9,171,000 after buying an additional 25,963 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Triumph Financial by 1,217.8% during the fourth quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock worth $5,859,000 after buying an additional 86,454 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Financial Stock Performance

TFIN opened at $67.71 on Monday. The business has a 50 day moving average of $60.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $77.84. The firm has a market capitalization of $1.61 billion, a PE ratio of 56.90 and a beta of 1.40.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The business had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. As a group, sell-side analysts expect that Triumph Financial, Inc. will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TFIN. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. DA Davidson reiterated a “neutral” rating and set a $60.00 price target on shares of Triumph Financial in a report on Wednesday, April 22nd. B. Riley Financial reiterated a “neutral” rating and set a $70.00 price target on shares of Triumph Financial in a report on Monday, January 12th. Weiss Ratings upgraded shares of Triumph Financial from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Finally, Wall Street Zen upgraded shares of Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.75.

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.