Mechanics Bank Trust Department Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

Mechanics Bank Trust Department bought a new stake in Triumph Financial, Inc. (NASDAQ:TFIN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,223 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Triumph Financial by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company’s stock valued at $1,530,000 after acquiring an additional 536 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of 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 period. Geode Capital Management LLC raised its stake in shares of Triumph Financial by 1.7% during the third 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 last quarter. Barclays PLC lifted its holdings in shares of Triumph Financial by 88.8% during the third quarter. Barclays PLC now owns 51,325 shares of the company’s stock worth $4,082,000 after purchasing an additional 24,144 shares during the period. Finally, Hodges Capital Management Inc. grew its position in Triumph Financial by 0.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 104,335 shares of the company’s stock valued at $8,299,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Activity at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the completion of the transaction, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TFIN shares. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Price Performance

Shares of NASDAQ TFIN opened at $90.75 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial, Inc. has a one year low of $66.85 and a one year high of $110.58. The firm has a market capitalization of $2.12 billion, a P/E ratio of 116.35 and a beta of 1.24. The company’s fifty day moving average is $96.78 and its two-hundred day moving average is $88.50.

Triumph Financial Company Profile

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.