Kennedy Capital Management LLC Cuts Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Kennedy Capital Management LLC trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 20.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,257 shares of the company’s stock after selling 9,018 shares during the period. Kennedy Capital Management LLC’s holdings in Triumph Financial were worth $3,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in 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 last quarter. Norges Bank bought a new position in shares of Triumph Financial during the fourth quarter valued at $6,151,000. Hodges Capital Management Inc. raised its position in shares of Triumph Financial by 42.3% in the 4th quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company’s stock worth $13,490,000 after purchasing an additional 44,100 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Triumph Financial by 27.3% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 142,670 shares of the company’s stock worth $12,966,000 after purchasing an additional 30,640 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company’s stock valued at $184,252,000 after purchasing an additional 24,868 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TFIN has been the subject of several recent analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson decreased their price objective on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods upgraded 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.00.

Triumph Financial Stock Performance

Shares of NASDAQ TFIN opened at $49.00 on Friday. The firm’s 50-day moving average price is $63.39 and its 200-day moving average price is $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 earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. As a group, analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS 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.