Marshall Wace LLP Invests $2.15 Million in Triumph Financial, Inc. (NASDAQ:TFIN)

Marshall Wace LLP purchased a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,685 shares of the company’s stock, valued at approximately $2,152,000.

A number of other hedge funds have also bought and sold shares of TFIN. Smartleaf Asset Management LLC lifted its holdings in Triumph Financial by 310.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after buying an additional 426 shares during the last quarter. Blue Trust Inc. lifted its stake in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares during the last quarter. KBC Group NV boosted its holdings in Triumph Financial by 51.9% in the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock worth $110,000 after purchasing an additional 414 shares during the period. Mechanics Bank Trust Department bought a new stake in Triumph Financial during the fourth quarter valued at $202,000. Finally, Cottonwood Capital Advisors LLC acquired a new stake in shares of Triumph Financial during the fourth quarter worth $215,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of the company’s stock in a transaction on 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.58% of the stock is owned by corporate insiders.

Triumph Financial Stock Performance

TFIN 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 PE ratio of 97.50 and a beta of 1.18. The business’s 50 day moving average is $58.35 and its 200-day moving average is $79.28. 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 (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same quarter last year, the firm posted $0.14 EPS. On average, analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Triumph Financial 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.