Alberta Investment Management Corp Reduces Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• Alberta Investment Management Corp decreased its holdings in Triumph Financial by 24.9%, selling 11,600 shares in the first quarter, bringing its total share ownership to 35,020 shares, valued at approximately $2,024,000.
• Several institutional investors, including Vanguard Group and Bank of America, have increased their positions in Triumph Financial, reflecting a growing interest in the stock among hedge funds, which own 91.11% of the shares.
• Analyst ratings for Triumph Financial have been mixed, with price objectives being adjusted by firms such as B. Riley and DA Davidson, indicating a cautious outlook on its stock performance.

Alberta Investment Management Corp lessened its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,020 shares of the company's stock after selling 11,600 shares during the period. Alberta Investment Management Corp owned 0.15% of Triumph Financial worth $2,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in Triumph Financial by 478.3% in the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after acquiring an additional 289,955 shares during the last quarter. Norges Bank acquired a new position in Triumph Financial in the fourth quarter valued at $6,151,000. Curi RMB Capital LLC increased its stake in Triumph Financial by 133.9% in the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after purchasing an additional 41,226 shares during the period. GAMMA Investing LLC increased its stake in Triumph Financial by 10,573.0% in the first quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock valued at $2,332,000 after purchasing an additional 39,966 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock valued at $10,480,000 after purchasing an additional 35,990 shares during the period. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Trading Down 0.6%

Shares of TFIN traded down $0.31 on Tuesday, hitting $55.65. 206,253 shares of the stock traded hands, compared to its average volume of 292,194. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.32 billion, a P/E ratio of 126.48 and a beta of 1.29. The stock's 50 day moving average is $59.71 and its two-hundred day moving average is $61.78. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. As a group, sell-side analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

TFIN has been the topic of a number of recent analyst reports. B. Riley reiterated a "neutral" rating and set a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, DA Davidson upped their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th.

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.