6,271 Shares in Triumph Financial, Inc. $TFIN Acquired by AlphaQuest LLC

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 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,271 shares of the company's stock, valued at approximately $362,000.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Triumph Financial in the 1st quarter valued at $1,001,000. Russell Investments Group Ltd. grew its position in Triumph Financial by 33.7% during the 1st quarter. Russell Investments Group Ltd. now owns 112,983 shares of the company's stock worth $6,530,000 after purchasing an additional 28,507 shares during the last quarter. Public Sector Pension Investment Board grew its position in Triumph Financial by 27.5% during the 1st quarter. Public Sector Pension Investment Board now owns 69,685 shares of the company's stock worth $4,028,000 after purchasing an additional 15,010 shares during the last quarter. Nuveen LLC acquired a new position in Triumph Financial in the first quarter valued at $3,409,000. Finally, Invesco Ltd. raised its holdings in shares of Triumph Financial by 5.9% in the first quarter. Invesco Ltd. now owns 57,100 shares of the company's stock valued at $3,300,000 after buying an additional 3,175 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Stock Performance

NASDAQ:TFIN traded down $0.58 during mid-day trading on Tuesday, reaching $60.91. The stock had a trading volume of 120,382 shares, compared to its average volume of 222,211. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The business has a 50 day simple moving average of $59.42 and a 200 day simple moving average of $58.70. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 138.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 return on equity of 1.79% and a net margin of 2.75%. On average, analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

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.