Kennedy Capital Management LLC Decreases Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Kennedy Capital Management LLC decreased its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 20.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,257 shares of the company’s stock after selling 9,018 shares during the period. Kennedy Capital Management LLC owned approximately 0.15% of Triumph Financial worth $3,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Verition Fund Management LLC boosted its position in Triumph Financial by 44.3% during the third quarter. Verition Fund Management LLC now owns 3,853 shares of the company’s stock valued at $306,000 after buying an additional 1,182 shares during the period. HighTower Advisors LLC boosted its holdings in Triumph Financial by 17.1% during the 3rd quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock valued at $491,000 after acquiring an additional 902 shares during the period. Barclays PLC grew its position in Triumph Financial by 88.8% during the 3rd quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after acquiring an additional 24,144 shares during the last quarter. Geode Capital Management LLC increased its stake in Triumph Financial by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 518,112 shares of the company’s stock worth $41,218,000 after purchasing an additional 8,609 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Triumph Financial by 5.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 26,474 shares of the company’s stock valued at $2,106,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors own 91.11% of the company’s stock.

Analysts Set New Price Targets

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

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $49.00 on Friday. The business has a 50 day moving average of $63.39 and a 200 day moving average of $81.09. Triumph Financial, Inc. has a 52 week low of $46.81 and a 52 week high of $110.58. The company has a market cap of $1.15 billion, a PE ratio of 90.74 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

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.