Ranger Investment Management L.P. Buys New Position in Triumph Financial, Inc. $TFIN

Ranger Investment Management L.P. bought a new stake in shares of Triumph Financial, Inc. (NYSE:TFIN) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 483,810 shares of the company’s stock, valued at approximately $36,920,000. Triumph Financial accounts for approximately 2.3% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 8th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Triumph Financial by 46.1% in the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares during the period. Quantbot Technologies LP acquired a new position in shares of Triumph Financial during the second quarter worth approximately $40,000. Tower Research Capital LLC TRC lifted its stake in shares of Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after buying an additional 195 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Triumph Financial in the 4th quarter valued at about $174,000. Finally, Amundi lifted its holdings in shares of Triumph Financial by 15.3% in the third quarter. Amundi now owns 4,156 shares of the company’s stock valued at $202,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Buying and Selling at Triumph Financial

In other news, EVP Edward Joseph Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total value of $213,875.00. Following the transaction, the executive vice president owned 15,534 shares in the company, valued at approximately $1,145,632.50. The trade was a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam D. Nelson sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $79.05, for a total value of $296,437.50. Following the sale, the executive vice president directly owned 23,755 shares of the company’s stock, valued at approximately $1,877,832.75. This trade represents a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.51% of the company’s stock.

Triumph Financial Price Performance

TFIN opened at $74.85 on Monday. 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 market capitalization of $1.79 billion, a P/E ratio of 50.57 and a beta of 1.39. The stock has a 50-day moving average price of $76.54 and a 200-day moving average price of $68.18. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52.

Triumph Financial (NYSE:TFIN) last released its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The company had revenue of $120.24 million during the quarter, compared to the consensus estimate of $114.67 million. Equities analysts predict that Triumph Financial, Inc. will post 1.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TFIN has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Zacks Research cut Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. B. Riley Financial raised their price objective on shares of Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Friday, August 7th. Finally, Stephens raised their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.00.

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.