MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Position in Triumph Financial, Inc. (NASDAQ:TFIN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,574 shares of the company’s stock after purchasing an additional 467 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Triumph Financial worth $1,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock valued at $51,000 after purchasing an additional 426 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after acquiring an additional 204 shares during the last quarter. KBC Group NV grew its position in Triumph Financial by 51.9% in the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock worth $110,000 after acquiring an additional 414 shares in the last quarter. Bank of Montreal Can bought a new position in Triumph Financial in the fourth quarter valued at $219,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Triumph Financial during the fourth quarter valued at about $237,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

Shares of Triumph Financial stock opened at $58.17 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The business’s 50 day simple moving average is $55.55 and its two-hundred day simple moving average is $75.00. The stock has a market capitalization of $1.36 billion, a P/E ratio of 107.72 and a beta of 1.27.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $101.57 million during the quarter, compared to analysts’ expectations 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 firm earned $0.14 earnings per share. Analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TFIN. Keefe, Bruyette & Woods reduced 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 decreased their price target on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, B. Riley restated a “neutral” rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Triumph Financial presently has an average rating of “Hold” and an average price target of $68.20.

Insider Buying and Selling at Triumph Financial

In other Triumph Financial news, Director Harrison B. Barnes bought 1,000 shares of Triumph Financial stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the purchase, the director now owns 21,565 shares of the company’s stock, valued at approximately $1,156,962.25. This represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Davis R. Deadman bought 1,500 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $53.50 per share, with a total value of $80,250.00. Following the acquisition, the director now owns 10,220 shares of the company’s stock, valued at $546,770. This represents a 17.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 4,008 shares of company stock worth $208,380. 5.58% of the stock is currently owned by company insiders.

Triumph Financial 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.