West Michigan Advisors LLC Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• West Michigan Advisors LLC acquired a new stake in Triumph Financial, Inc. (NASDAQ: TFIN), purchasing 10,600 shares valued at approximately $613,000 in the first quarter of 2023.
• Triumph Financial's stock is currently trading around $55.96, with a market capitalization of $1.33 billion and a PE ratio of 127.18.
• The company reported earnings per share of $0.15 for the last quarter, exceeding analysts' expectations of $0.04.

West Michigan Advisors LLC purchased a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,600 shares of the company's stock, valued at approximately $613,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TFIN. CWM LLC boosted its stake in Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Triumph Financial by 84.7% during the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after purchasing an additional 320 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Triumph Financial during the 4th quarter valued at about $219,000. Balyasny Asset Management L.P. acquired a new position in shares of Triumph Financial in the 4th quarter worth approximately $237,000. Finally, NBC Securities Inc. raised its holdings in shares of Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after purchasing an additional 2,647 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Down 2.5%

Triumph Financial stock traded down $1.37 during trading hours on Thursday, hitting $53.37. The company had a trading volume of 138,843 shares, compared to its average volume of 290,229. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $1.27 billion, a P/E ratio of 121.30 and a beta of 1.29. The firm's fifty day moving average is $59.48 and its 200-day moving average is $61.43.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $105.85 million. On average, research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

TFIN has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. DA Davidson increased their price objective on 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 restated a "neutral" rating and issued a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd.

Triumph Financial Profile

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.