XTX Topco Ltd Takes $694,000 Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Key Points

• XTX Topco Ltd acquired 12,007 shares of Triumph Financial, Inc. (NASDAQ:TFIN), valued at approximately $694,000, increasing its ownership to about 0.05% of the company.
• Several institutional investors have significantly increased their positions in Triumph Financial, with NBC Securities Inc. raising theirs by 88,233.3% in the first quarter.
• Research analysts have mixed forecasts for TFIN, with B. Riley reducing its price target from $65.00 to $55.00, while DA Davidson increased its target from $56.00 to $63.00.

XTX Topco Ltd purchased a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,007 shares of the company's stock, valued at approximately $694,000. XTX Topco Ltd owned approximately 0.05% of Triumph Financial at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after acquiring an additional 289,955 shares in the last quarter. Norges Bank bought a new position in shares of Triumph Financial in the 4th quarter worth about $6,151,000. Curi RMB Capital LLC grew its stake in Triumph Financial by 133.9% during the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock worth $6,545,000 after purchasing an additional 41,226 shares during the period. GAMMA Investing LLC grew its stake in 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 purchasing an additional 39,966 shares during the period. Finally, Peregrine Capital Management LLC grew its stake in 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 purchasing an additional 35,990 shares during the period. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Stock Up 0.4%

Shares of TFIN stock traded up $0.21 during trading hours on Friday, hitting $53.58. 115,147 shares of the company's stock traded hands, compared to its average volume of 225,327. The stock's fifty day simple moving average is $59.48 and its two-hundred day simple moving average is $61.43. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 121.66 and a beta of 1.29. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $108.06 million during the quarter, compared to the consensus estimate of $105.85 million. On average, analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TFIN shares. Keefe, Bruyette & Woods decreased their target price on 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 boosted their target price 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 reissued a "neutral" rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd.

Triumph Financial Company 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.