Alberta Investment Management Corp Sells 11,600 Shares of 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 cut its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 SEC.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Triumph Financial in the first quarter valued at approximately $694,000. Diamond Hill Capital Management Inc. boosted its position in Triumph Financial by 16.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company's stock worth $9,590,000 after purchasing an additional 23,244 shares during the period. Legato Capital Management LLC increased its holdings in shares of Triumph Financial by 15.2% in the first quarter. Legato Capital Management LLC now owns 74,123 shares of the company's stock valued at $4,284,000 after purchasing an additional 9,760 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Triumph Financial in the first quarter valued at about $587,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Triumph Financial by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock worth $570,000 after buying an additional 205 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Price Performance

Shares of TFIN stock traded down $1.29 during trading on Thursday, hitting $53.45. The company had a trading volume of 87,109 shares, compared to its average volume of 225,715. The firm has a market capitalization of $1.27 billion, a P/E ratio of 121.55 and a beta of 1.29. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The stock's 50-day moving average price is $59.58 and its 200 day moving average price is $61.69.

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 analyst estimates of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. Equities analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. B. Riley reaffirmed 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. Finally, DA Davidson lifted their target price on Triumph Financial from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, July 18th.

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.