AlphaQuest LLC Acquires Shares of 6,271 Triumph Financial, Inc. $TFIN

Key Points

• AlphaQuest LLC acquired 6,271 shares of Triumph Financial, Inc., valued at approximately $362,000, marking a new position for the firm in the first quarter.
• Several institutional investors have recently increased their stakes in Triumph Financial, resulting in institutional ownership rising to 91.11% of the company's stock.
• Analysts have raised the target price for Triumph Financial shares from $56.00 to $63.00, while the stock maintains a consensus rating of "Hold."

AlphaQuest LLC purchased a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,271 shares of the company's stock, valued at approximately $362,000.

Other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP raised its stake in Triumph Financial by 10.7% during the 4th quarter. First Trust Advisors LP now owns 15,648 shares of the company's stock worth $1,422,000 after buying an additional 1,513 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Triumph Financial by 7.6% during the fourth quarter. MetLife Investment Management LLC now owns 13,320 shares of the company's stock worth $1,211,000 after acquiring an additional 946 shares during the period. Stifel Financial Corp boosted its holdings in shares of Triumph Financial by 2.1% during the fourth quarter. Stifel Financial Corp now owns 38,078 shares of the company's stock worth $3,461,000 after acquiring an additional 785 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Triumph Financial by 185.4% in the fourth quarter. Hsbc Holdings PLC now owns 7,571 shares of the company's stock valued at $690,000 after buying an additional 4,918 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Triumph Financial by 14.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,198 shares of the company's stock worth $1,291,000 after purchasing an additional 1,750 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson increased their price objective on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $70.75.

Triumph Financial Trading Down 0.1%

Triumph Financial stock traded down $0.09 during mid-day trading on Monday, hitting $61.60. The company's stock had a trading volume of 143,302 shares, compared to its average volume of 222,828. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 139.99 and a beta of 1.29. The business has a 50 day moving average price of $59.22 and a 200-day moving average price of $58.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. The company had revenue of $108.06 million for 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%. As a group, analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,500 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of the sale, the executive vice president owned 27,832 shares of the company's stock, valued at approximately $1,680,774.48. This represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the sale, the chief executive officer directly owned 144,558 shares in the company, valued at $8,699,500.44. This trade represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.58% of the company's stock.

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.