Squarepoint Ops LLC Has $1.71 Million Stake in Triumph Financial, Inc. $TFIN

Squarepoint Ops LLC raised its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 296.1% in the 2nd quarter, Holdings Channel reports. The firm owned 31,000 shares of the company’s stock after purchasing an additional 23,174 shares during the quarter. Squarepoint Ops LLC’s holdings in Triumph Financial were worth $1,708,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in shares of Triumph Financial in the second quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its holdings in Triumph Financial by 9.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after acquiring an additional 195 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Triumph Financial in the second quarter valued at approximately $206,000. Raymond James Financial Inc. acquired a new stake in Triumph Financial during the 2nd quarter valued at approximately $230,000. Finally, Titleist Asset Management LLC bought a new position in Triumph Financial during the 1st quarter worth approximately $231,000. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Trading Down 1.8%

NASDAQ:TFIN opened at $62.21 on Friday. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $93.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 141.39 and a beta of 1.50. The firm has a fifty day simple moving average of $56.19 and a two-hundred day simple moving average of $57.19.

Insider Activity at Triumph Financial

In other news, EVP Adam D. Nelson sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $65.18, for a total value of $195,540.00. Following the completion of the sale, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. This trade represents a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. B. Riley raised shares of Triumph Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $70.00 in a research note on Monday, October 20th. Stephens upped their price target on shares of Triumph Financial from $53.00 to $59.00 and gave the company an “equal weight” rating in a research report on Friday, October 17th. Finally, DA Davidson reissued a “neutral” rating and issued a $63.00 price objective on shares of Triumph Financial in a research report on Thursday, October 16th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Triumph Financial presently has an average rating of “Hold” and a consensus price target of $62.00.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.