Marshall Wace LLP Acquires New Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Marshall Wace LLP bought a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,685 shares of the company's stock, valued at approximately $2,152,000. Marshall Wace LLP owned about 0.10% of Triumph Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its position in shares of Triumph Financial by 1.3% in the fourth quarter. Legal & General Group Plc now owns 62,973 shares of the company's stock valued at $5,723,000 after purchasing an additional 789 shares during the period. Bank of Montreal Can purchased a new stake in Triumph Financial in the 4th quarter valued at about $219,000. Federated Hermes Inc. grew its holdings in Triumph Financial by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock valued at $325,000 after buying an additional 147 shares during the period. Alliancebernstein L.P. increased its stake in shares of Triumph Financial by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,836 shares of the company's stock valued at $2,257,000 after acquiring an additional 405 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Triumph Financial by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock worth $273,000 after acquiring an additional 270 shares during the period. 91.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 acquired at an average cost of $49.39 per share, with a total value of $74,480.12. Following the completion of the transaction, the director now owns 3,348 shares in the company, valued at $165,357.72. The trade was a 81.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.58% of the stock is currently owned by insiders.

Triumph Financial Stock Up 1.4 %

Shares of Triumph Financial stock opened at $52.65 on Monday. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 97.50 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. The company has a fifty day moving average price of $58.35 and a 200 day moving average price of $79.28.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $104.49 million. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. B. Riley reaffirmed a "neutral" rating and set a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Stephens restated an "equal weight" rating and set a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, DA Davidson dropped their price target on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $68.20.

About Triumph Financial

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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