Legato Capital Management LLC raised its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,123 shares of the company's stock after buying an additional 9,760 shares during the period. Triumph Financial makes up about 0.6% of Legato Capital Management LLC's holdings, making the stock its 26th biggest holding. Legato Capital Management LLC owned approximately 0.32% of Triumph Financial worth $4,284,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in Triumph Financial in the 1st quarter valued at about $587,000. Victory Capital Management Inc. boosted its position in Triumph Financial by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock valued at $570,000 after buying an additional 205 shares during the last quarter. Tectonic Advisors LLC boosted its position in Triumph Financial by 14.1% in the 1st quarter. Tectonic Advisors LLC now owns 26,469 shares of the company's stock valued at $1,530,000 after buying an additional 3,279 shares during the last quarter. CWM LLC raised its stake in shares of Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Triumph Financial by 13.1% in the 1st quarter. New York State Common Retirement Fund now owns 75,021 shares of the company's stock valued at $4,336,000 after purchasing an additional 8,670 shares in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TFIN. DA Davidson upped their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. B. Riley restated a "neutral" rating and issued a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods cut 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 note on Monday, April 21st.
View Our Latest Stock Report on TFIN
Insiders Place Their Bets
In other Triumph Financial news, Director Harrison B. Barnes acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the purchase, the director directly owned 21,565 shares in the company, valued at $1,156,962.25. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 5.58% of the stock is currently owned by company insiders.
Triumph Financial Stock Up 0.0%
Shares of Triumph Financial stock traded up $0.01 during trading on Friday, reaching $63.09. The company had a trading volume of 176,597 shares, compared to its average volume of 331,459. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 143.39 and a beta of 1.29. The firm's fifty day moving average is $59.86 and its 200-day moving average is $63.38. 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, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. On average, analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current year.
Triumph Financial Company Profile
(
Free Report)
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.
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