First Trust Advisors LP Raises Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

First Trust Advisors LP raised its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,648 shares of the company’s stock after acquiring an additional 1,513 shares during the period. First Trust Advisors LP owned approximately 0.07% of Triumph Financial worth $1,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Triumph Financial during the 4th quarter worth about $2,152,000. Legal & General Group Plc grew its stake in Triumph Financial by 1.3% during the fourth quarter. Legal & General Group Plc now owns 62,973 shares of the company’s stock worth $5,723,000 after buying an additional 789 shares during the period. Bank of Montreal Can purchased a new stake in Triumph Financial during the fourth quarter worth approximately $219,000. Federated Hermes Inc. raised its stake in shares of Triumph Financial by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company’s stock valued at $325,000 after acquiring an additional 147 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Triumph Financial by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,836 shares of the company’s stock valued at $2,257,000 after acquiring an additional 405 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TFIN. Keefe, Bruyette & Woods cut their price objective on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating on the stock in a research report on Monday, April 21st. DA Davidson dropped their target price on Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. B. Riley reissued a “neutral” rating and set a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $68.20.

Insider Activity

In other news, Director Harrison B. Barnes purchased 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was acquired at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the acquisition, the director now owns 21,565 shares of the company’s stock, valued at $1,156,962.25. The trade was a 4.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Debra A. Bradford acquired 1,508 shares of Triumph Financial stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average price of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the purchase, the director now directly owns 3,348 shares of the company’s stock, valued at $165,357.72. The trade was a 81.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,008 shares of company stock worth $208,380. 5.58% of the stock is currently owned by corporate insiders.

Triumph Financial Trading Down 0.2 %

Shares of TFIN opened at $54.21 on Wednesday. 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, Inc. has a one year low of $42.90 and a one year high of $110.58. The stock has a 50-day moving average price of $56.26 and a 200 day moving average price of $77.90. The company has a market capitalization of $1.27 billion, a P/E ratio of 100.39 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same period in the previous year, the business posted $0.14 EPS. Sell-side analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal 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.