West Michigan Advisors LLC acquired a new stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,600 shares of the company's stock, valued at approximately $613,000.
Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Triumph Financial by 478.3% in 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. Norges Bank bought a new position in Triumph Financial in the 4th quarter valued at $6,151,000. Curi RMB Capital LLC increased its stake in shares of Triumph Financial by 133.9% in the 4th quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after buying an additional 41,226 shares during the period. GAMMA Investing LLC raised its position in shares of Triumph Financial by 10,573.0% during the first quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock worth $2,332,000 after acquiring an additional 39,966 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Triumph Financial by 24.8% during 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 during the last quarter. Institutional investors own 91.11% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. 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 report on Friday, July 18th. Finally, B. Riley reiterated a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd.
Get Our Latest Research Report on TFIN
Triumph Financial Trading Up 0.3%
Shares of NASDAQ:TFIN traded up $0.18 during midday trading on Friday, hitting $53.55. The company had a trading volume of 271,772 shares, compared to its average volume of 286,518. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The firm has a fifty day simple moving average of $59.39 and a 200 day simple moving average of $61.17. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 121.71 and a beta of 1.29.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating 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 return on equity of 1.79% and a net margin of 2.75%. On average, analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current year.
Triumph Financial 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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