Squarepoint Ops LLC Takes $1.87 Million Position in Triumph Financial, Inc. $TFIN

Key Points

• Squarepoint Ops LLC acquired 24,563 shares of Triumph Financial in the second quarter, valued at approximately $1.87 million and representing a 0.10% stake.
• Institutional investors and hedge funds collectively own 91.11% of Triumph Financial; several other firms also increased or initiated positions during the first and second quarters.
• Triumph Financial reported quarterly revenue of $120.24 million and EPS of $0.44, while analysts maintain a consensus “Hold” rating with an average price target of $85.

Squarepoint Ops LLC acquired a new position in shares of Triumph Financial, Inc. (NYSE:TFIN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,563 shares of the company's stock, valued at approximately $1,874,000. Squarepoint Ops LLC owned 0.10% of Triumph Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TFIN. Illinois Municipal Retirement Fund boosted its holdings in Triumph Financial by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,319 shares of the company's stock worth $675,000 after buying an additional 397 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Triumph Financial during the second quarter valued at approximately $40,000. Cetera Investment Advisers raised its holdings in shares of Triumph Financial by 4.7% during the first quarter. Cetera Investment Advisers now owns 14,423 shares of the company's stock valued at $860,000 after acquiring an additional 652 shares during the last quarter. Nykredit A S purchased a new position in shares of Triumph Financial in the second quarter valued at approximately $105,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Triumph Financial by 2.2% in the first quarter. Principal Financial Group Inc. now owns 110,172 shares of the company's stock worth $6,573,000 after acquiring an additional 2,402 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Price Performance

NYSE:TFIN opened at $64.61 on Wednesday. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $83.52. The stock's fifty day moving average is $74.52 and its two-hundred day moving average is $68.88. The company has a market capitalization of $1.54 billion, a P/E ratio of 43.65 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting analysts' consensus estimates of $0.44. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. The company had revenue of $120.24 million for the quarter, compared to analysts' expectations of $114.67 million. Equities analysts expect that Triumph Financial, Inc. will post 1.93 EPS for the current year.

Wall Street Analysts Forecast Growth

TFIN has been the topic of several recent research reports. Stephens lifted their target price on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 23rd. B. Riley Financial boosted their price target on shares of Triumph Financial from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Triumph Financial in a report on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a "market perform" rating in a research note on Thursday, July 23rd. Finally, DA Davidson boosted their target price on Triumph Financial from $65.00 to $82.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Triumph Financial presently has a consensus rating of "Hold" and a consensus price target of $85.00.

Insider Buying and Selling at Triumph Financial

In related news, EVP Adam Nelson sold 3,750 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total transaction of $296,437.50. Following the completion of the transaction, the executive vice president directly owned 23,755 shares in the company, valued at $1,877,832.75. This trade represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward Schreyer sold 2,900 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the sale, the executive vice president directly owned 15,534 shares in the company, valued at $1,145,632.50. This represents a 15.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 5.51% of the stock is currently owned by insiders.

About Triumph Financial

Triumph Financial, Inc is a financial holding company headquartered in Dallas, Texas. Formerly known as Triumph Bancorp, the company changed its name to Triumph Financial in 2023 to reflect its broader focus on technology-enabled financial services. It serves businesses and consumers primarily in the United States through banking, payments and factoring solutions.

Through its banking operations, Triumph Financial provides commercial and personal banking products, including deposit accounts, treasury management services, commercial lending and consumer financial products.

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