Norges Bank Purchases Shares of 67,684 Triumph Financial, Inc. (NASDAQ:TFIN)

Norges Bank acquired a new position in Triumph Financial, Inc. (NASDAQ:TFIN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 67,684 shares of the company’s stock, valued at approximately $6,151,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Triumph Financial by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock valued at $184,252,000 after acquiring an additional 24,868 shares in the last quarter. LPL Financial LLC lifted its position in shares of Triumph Financial by 130.0% in the 4th quarter. LPL Financial LLC now owns 6,066 shares of the company’s stock worth $551,000 after purchasing an additional 3,429 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Financial during the 4th quarter valued at about $445,000. American Century Companies Inc. increased its position in shares of Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company’s stock valued at $71,086,000 after buying an additional 198,611 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Triumph Financial by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company’s stock worth $106,840,000 after buying an additional 19,286 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $53.54 on Thursday. The company has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $81.51. Triumph Financial, Inc. has a fifty-two week low of $46.81 and a fifty-two week high of $110.58. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 99.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

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 net margin of 3.30% and a return on equity of 1.93%. Analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

TFIN has been the topic of several research reports. Keefe, Bruyette & Woods raised Triumph Financial from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $80.00 to $74.00 in a research report on Thursday, February 27th. DA Davidson dropped their price target on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.