Louisiana State Employees Retirement System Invests $597,000 in Triumph Financial, Inc. $TFIN

Louisiana State Employees Retirement System purchased a new position in Triumph Financial, Inc. (NYSE:TFIN) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TFIN. Vanguard Group Inc. grew its stake in Triumph Financial by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,031,008 shares of the company’s stock valued at $127,202,000 after purchasing an additional 14,355 shares in the last quarter. AltraVue Capital LLC boosted its stake in shares of Triumph Financial by 22.0% during the 4th quarter. AltraVue Capital LLC now owns 1,515,877 shares of the company’s stock valued at $94,939,000 after buying an additional 273,718 shares during the last quarter. State Street Corp boosted its stake in shares of Triumph Financial by 1.8% during the 2nd quarter. State Street Corp now owns 1,311,960 shares of the company’s stock valued at $72,302,000 after buying an additional 23,678 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position 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. Finally, Geode Capital Management LLC increased its stake in shares of Triumph Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock worth $33,368,000 after buying an additional 4,747 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Transactions at Triumph Financial

In related news, insider Todd Ritterbusch bought 7,000 shares of the stock in a transaction dated 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 completion of the acquisition, the insider owned 22,804 shares of the company’s stock, valued at $1,528,096.04. This trade represents a 44.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president owned 18,434 shares in the company, valued at $1,229,547.80. The trade was a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 5.51% of the company’s stock.

Triumph Financial Stock Down 1.6%

TFIN stock opened at $77.41 on Wednesday. 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 $80.47. The firm has a fifty day moving average price of $70.68 and a two-hundred day moving average price of $65.62. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 65.05 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $106.88 million. Research analysts predict that Triumph Financial, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

TFIN has been the topic of a number of research analyst reports. DA Davidson reiterated a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and an average price target 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.