Legato Capital Management LLC Buys 23,691 Shares of Triumph Financial, Inc. $TFIN

Legato Capital Management LLC lifted its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 132,714 shares of the company’s stock after acquiring an additional 23,691 shares during the quarter. Triumph Financial accounts for approximately 0.7% of Legato Capital Management LLC’s portfolio, making the stock its 12th largest position. Legato Capital Management LLC’s holdings in Triumph Financial were worth $8,312,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TFIN. Royal Bank of Canada lifted its holdings in shares of Triumph Financial by 73.8% during the 1st quarter. Royal Bank of Canada now owns 27,541 shares of the company’s stock worth $1,592,000 after acquiring an additional 11,694 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Triumph Financial by 45.2% during the 1st quarter. AQR Capital Management LLC now owns 5,760 shares of the company’s stock worth $333,000 after acquiring an additional 1,794 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Triumph Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,138 shares of the company’s stock worth $759,000 after acquiring an additional 564 shares during the last quarter. Norges Bank bought a new stake in shares of Triumph Financial during the 2nd quarter worth $304,000. Finally, First Trust Advisors LP raised its position in Triumph Financial by 59.8% in the 2nd quarter. First Trust Advisors LP now owns 24,198 shares of the company’s stock worth $1,334,000 after purchasing an additional 9,052 shares during the period. 91.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TFIN has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Triumph Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Zacks Research cut shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.75.

Triumph Financial Stock Up 0.4%

Shares of NYSE:TFIN opened at $66.91 on Friday. The stock has a market cap of $1.59 billion, a PE ratio of 56.22 and a beta of 1.40. The stock has a fifty day simple moving average of $62.31. Triumph Financial, Inc. has a 52 week low of $46.43 and a 52 week high of $77.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The company had revenue of $105.80 million for the quarter, compared to analysts’ expectations of $106.88 million. Sell-side analysts anticipate that Triumph Financial, Inc. will post 1.9 EPS for the current year.

Insider Activity at Triumph Financial

In other news, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $67.01 per share, with a total value of $469,070.00. Following the completion of the purchase, the insider owned 22,804 shares in the company, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.51% of the company’s stock.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.