Thrivent Financial for Lutherans Increases Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Thrivent Financial for Lutherans lifted its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,175,616 shares of the company’s stock after purchasing an additional 19,286 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of Triumph Financial worth $106,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after purchasing an additional 426 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Triumph Financial in the third quarter worth $49,000. Blue Trust Inc. increased its stake in shares of Triumph Financial by 43.4% in the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares in the last quarter. KBC Group NV increased its stake in shares of Triumph Financial by 46.4% in the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. Finally, Mechanics Bank Trust Department purchased a new stake in shares of Triumph Financial in the fourth quarter worth $202,000. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Stock Down 0.5 %

Shares of NASDAQ TFIN opened at $60.81 on Tuesday. The firm’s 50-day moving average price is $74.85 and its 200-day moving average price is $84.70. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 112.61 and a beta of 1.22. Triumph Financial, Inc. has a 12-month low of $58.22 and a 12-month high of $110.58.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. On average, equities research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TFIN shares. Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and cut their target price for the company from $80.00 to $74.00 in a research note on Thursday, February 27th. Stephens reiterated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, DA Davidson decreased their price target on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Triumph Financial presently has an average rating of “Hold” and a consensus target price of $79.00.

About Triumph Financial

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.