Louisiana State Employees Retirement System Purchases Shares of 10,800 Triumph Financial, Inc. (NASDAQ:TFIN)

Louisiana State Employees Retirement System purchased a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,800 shares of the company's stock, valued at approximately $866,000.

A number of other large investors have also recently bought and sold shares of the business. Welch Group LLC acquired a new stake in Triumph Financial during the 4th quarter worth about $212,000. Tectonic Advisors LLC boosted its position in shares of Triumph Financial by 30.1% during the 4th quarter. Tectonic Advisors LLC now owns 24,064 shares of the company's stock worth $1,929,000 after purchasing an additional 5,566 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of Triumph Financial by 60.2% during the 4th quarter. Legato Capital Management LLC now owns 61,944 shares of the company's stock worth $4,967,000 after purchasing an additional 23,270 shares in the last quarter. Howard Financial Services LTD. bought a new position in shares of Triumph Financial during the 4th quarter worth about $241,000. Finally, Kennedy Capital Management LLC boosted its position in shares of Triumph Financial by 10.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 184,683 shares of the company's stock worth $11,966,000 after purchasing an additional 16,753 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TFIN. Keefe, Bruyette & Woods increased their price objective on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a "market perform" rating in a research report on Thursday, January 25th. Piper Sandler cut shares of Triumph Financial from a "neutral" rating to an "underweight" rating and increased their price objective for the stock from $64.00 to $67.00 in a research report on Monday, February 12th. DA Davidson cut their price objective on shares of Triumph Financial from $73.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Finally, Stephens cut their price objective on shares of Triumph Financial from $79.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $65.40.

Insider Activity at Triumph Financial

In related news, COO Edward Joseph Schreyer sold 12,820 shares of Triumph Financial stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $72.43, for a total value of $928,552.60. Following the completion of the transaction, the chief operating officer now directly owns 50,939 shares in the company, valued at approximately $3,689,511.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.15% of the stock is owned by company insiders.

Triumph Financial Stock Performance

Shares of TFIN stock traded up $0.49 during trading hours on Friday, hitting $71.07. 91,452 shares of the company were exchanged, compared to its average volume of 163,906. The firm has a fifty day simple moving average of $75.30 and a 200 day simple moving average of $72.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52-week low of $46.67 and a 52-week high of $82.22. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 54.25 and a beta of 1.18.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. The company had revenue of $106.15 million for the quarter, compared to analysts' expectations of $106.81 million. Research analysts predict that Triumph Financial, Inc. will post 1.35 earnings per share for the current fiscal year.

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.