KLP Kapitalforvaltning AS bought a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,900 shares of the company's stock, valued at approximately $445,000.
Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Triumph Financial by 77.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company's stock valued at $1,199,000 after acquiring an additional 6,601 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock worth $1,530,000 after buying an additional 536 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Triumph Financial in the third quarter worth about $49,000. Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company's stock valued at $15,553,000 after buying an additional 7,021 shares in the last quarter. Finally, US Bancorp DE lifted its position in Triumph Financial by 2.5% during the 4th quarter. US Bancorp DE now owns 13,425 shares of the company's stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.
Analyst Ratings Changes
TFIN has been the topic of a number of recent research reports. Stephens reissued an "equal weight" rating and set a $109.00 target price on shares of Triumph Financial in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an "underperform" rating to a "market perform" rating and cut their price objective for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. Finally, DA Davidson lowered their target price on Triumph Financial from $100.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $79.00.
Get Our Latest Analysis on Triumph Financial
Triumph Financial Stock Up 9.7 %
NASDAQ TFIN traded up $4.73 during trading hours on Wednesday, reaching $53.54. 410,983 shares of the company traded hands, compared to its average volume of 165,897. The stock has a market capitalization of $1.25 billion, a PE ratio of 99.15 and a beta of 1.18. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $46.88 and a 12 month high of $110.58. The company has a 50 day moving average of $64.49 and a two-hundred day moving average of $81.51.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. As a group, equities analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share 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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