Triumph Financial, Inc. (NASDAQ:TFIN) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC raised its stake in shares of 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. The fund owned 74,123 shares of the company's stock after buying an additional 9,760 shares during the period. Triumph Financial comprises approximately 0.6% of Legato Capital Management LLC's holdings, making the stock its 26th largest position. Legato Capital Management LLC owned approximately 0.32% of Triumph Financial worth $4,284,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock valued at $184,252,000 after purchasing an additional 24,868 shares in the last quarter. American Century Companies Inc. grew its position in shares of Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after purchasing an additional 198,611 shares in the last quarter. Bank of America Corp DE grew its position in shares of Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after purchasing an additional 289,955 shares in the last quarter. Northern Trust Corp grew its position in Triumph Financial by 7.6% in the fourth quarter. Northern Trust Corp now owns 227,875 shares of the company's stock worth $20,709,000 after acquiring an additional 16,061 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its position in Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock worth $10,480,000 after acquiring an additional 35,990 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Harrison B. Barnes purchased 1,000 shares of Triumph Financial stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the transaction, the director directly owned 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.58% of the stock is currently owned by insiders.

Triumph Financial Stock Performance

Shares of TFIN traded up $0.01 during trading hours on Friday, reaching $63.09. 176,358 shares of the company traded hands, compared to its average volume of 227,849. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. 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 stock has a market capitalization of $1.50 billion, a P/E ratio of 143.39 and a beta of 1.29. The business has a fifty day moving average price of $59.82 and a 200-day moving average price of $63.54.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted 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. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. The business had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Equities analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of research reports. DA Davidson boosted their price target on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods reduced their price target on 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, B. Riley reaffirmed a "neutral" rating and set a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd.

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.