Triumph Financial, Inc. (NASDAQ:TFIN) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 185.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,571 shares of the company's stock after acquiring an additional 4,918 shares during the quarter. Hsbc Holdings PLC's holdings in Triumph Financial were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TFIN. Vanguard Group Inc. raised its stake in Triumph Financial by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock valued at $184,252,000 after buying an additional 24,868 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Triumph Financial by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock valued at $106,840,000 after buying an additional 19,286 shares during the last quarter. American Century Companies Inc. raised its stake in Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after buying an additional 198,611 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Triumph Financial by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,071 shares of the company's stock valued at $18,092,000 after buying an additional 3,539 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its stake in Triumph Financial by 42.3% during the fourth quarter. Hodges Capital Management Inc. now owns 148,435 shares of the company's stock valued at $13,490,000 after buying an additional 44,100 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Analysts Set New Price Targets

TFIN has been the subject of a number of research analyst reports. Stephens reissued an "equal weight" rating and issued a $109.00 target price on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson lowered their target price on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. B. Riley reiterated a "neutral" rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Triumph Financial has an average rating of "Hold" and a consensus price target of $68.20.

Triumph Financial Trading Up 1.5%

NASDAQ:TFIN traded up $0.84 during midday trading on Friday, hitting $57.44. The stock had a trading volume of 260,573 shares, compared to its average volume of 169,346. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 106.37 and a beta of 1.27. The stock has a 50-day moving average of $55.68 and a 200 day moving average of $77.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The company had revenue of $101.57 million for the quarter, compared to analysts' expectations of $104.49 million. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, sell-side analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Activity

In other Triumph Financial news, Director Debra A. Bradford bought 1,508 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the transaction, the director now directly owns 3,348 shares of the company's stock, valued at approximately $165,357.72. The trade was a 81.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Harrison B. Barnes purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the purchase, the director now directly owns 21,565 shares in the company, valued at $1,156,962.25. This represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,008 shares of company stock worth $208,380. Insiders own 5.58% of the company's stock.

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.