SG Americas Securities LLC Acquires 86,454 Shares of Triumph Financial, Inc. $TFIN

Key Points

• SG Americas Securities LLC increased its stake in Triumph Financial by 1,217.8% in Q4, purchasing 86,454 shares to hold 93,553 shares (~0.39% of the company) valued at $5.859 million per the latest 13F filing.
• Triumph Financial beat Q4 EPS estimates with $0.77 versus $0.29 expected but missed revenue forecasts ($105.19M vs. $111.21M); the stock opened at $59.76 and was reported up about 5.7%.
• Analysts have a consensus Hold rating (six analysts) with an average price target of $64.75, and institutional investors own roughly 91.11% of the shares.

SG Americas Securities LLC lifted its holdings in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) by 1,217.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,553 shares of the company's stock after purchasing an additional 86,454 shares during the quarter. SG Americas Securities LLC owned approximately 0.39% of Triumph Financial worth $5,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Arizona State Retirement System boosted its holdings in Triumph Financial by 2.9% in the third quarter. Arizona State Retirement System now owns 6,655 shares of the company's stock worth $333,000 after purchasing an additional 189 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company's stock valued at $126,000 after buying an additional 195 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Triumph Financial by 66.8% during the third quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company's stock valued at $26,000 after buying an additional 209 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Triumph Financial by 0.3% in the third quarter. Rhumbline Advisers now owns 63,803 shares of the company's stock worth $3,193,000 after buying an additional 211 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Triumph Financial by 3.5% in the third quarter. Amalgamated Bank now owns 6,562 shares of the company's stock worth $328,000 after buying an additional 219 shares during the last quarter. Institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Up 5.7%

Shares of NYSE TFIN opened at $59.76 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $61.37. The company has a market cap of $1.42 billion, a P/E ratio of 64.26 and a beta of 1.50. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $77.84.

Triumph Financial (NYSE:TFIN - Get Free Report) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.48. The company had revenue of $105.19 million during the quarter, compared to analysts' expectations of $111.21 million. Triumph Financial had a return on equity of 3.49% and a net margin of 4.89%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TFIN. Zacks Research lowered Triumph Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, March 2nd. Weiss Ratings upgraded Triumph Financial from a "sell (d+)" rating to a "hold (c)" rating in a report on Thursday, February 12th. Keefe, Bruyette & Woods lifted their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the company a "market perform" rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Triumph Financial from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $60.00 price objective on shares of Triumph Financial in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Triumph Financial has a consensus rating of "Hold" and an average target price of $64.75.

About Triumph Financial

Triumph Financial, Inc NYSE: TFIN is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.

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