Y Intercept Hong Kong Ltd Acquires New Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• Y Intercept Hong Kong Ltd has acquired 10,153 shares of Triumph Financial, Inc. (NASDAQ: TFIN), valued at approximately $587,000, during the first quarter.
• Several hedge funds have increased their stakes in Triumph Financial, including CWM LLC and NBC Securities Inc., which enhanced their holdings significantly during the same period.
• Analysts have adjusted their price targets for Triumph Financial, with B. Riley setting a target of $55.00, down from an earlier $65.00, while others adjusted their targets upward.

Y Intercept Hong Kong Ltd acquired a new position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,153 shares of the company's stock, valued at approximately $587,000.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC raised its holdings in shares of Triumph Financial by 84.7% in the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after buying an additional 320 shares during the period. Bank of Montreal Can purchased a new stake in shares of Triumph Financial in the fourth quarter worth approximately $219,000. Balyasny Asset Management L.P. purchased a new stake in shares of Triumph Financial in the fourth quarter worth approximately $237,000. Finally, NBC Securities Inc. raised its holdings in shares of Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after buying an additional 2,647 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TFIN. B. Riley restated a "neutral" rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, DA Davidson raised their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th.

Triumph Financial Stock Performance

Shares of TFIN traded down $1.26 during mid-day trading on Thursday, hitting $56.80. 32,420 shares of the company's stock were exchanged, compared to its average volume of 226,594. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.35 billion, a P/E ratio of 129.09 and a beta of 1.29. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The business's 50 day moving average is $59.85 and its two-hundred day moving average is $62.84.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million during the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, equities analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share 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.