CANADA LIFE ASSURANCE Co Sells 337 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

CANADA LIFE ASSURANCE Co trimmed its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,541 shares of the company’s stock after selling 337 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.12% of Triumph Financial worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Precision Wealth Strategies LLC increased its stake in shares of Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after purchasing an additional 141 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Triumph Financial by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 3,578 shares of the company’s stock worth $325,000 after buying an additional 147 shares during the last quarter. Blue Trust Inc. increased its position in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after buying an additional 204 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Triumph Financial by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company’s stock valued at $1,120,000 after buying an additional 252 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in Triumph Financial by 9.9% in the fourth 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 in the last quarter. 91.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TFIN. Keefe, Bruyette & Woods reduced their price target on Triumph Financial from $68.00 to $56.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Stephens restated an “equal weight” rating and set a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. DA Davidson dropped their target price on shares of Triumph Financial from $68.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Finally, B. Riley reissued 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $68.20.

Insider Activity

In other news, Director Debra A. Bradford acquired 1,508 shares of Triumph Financial stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average price 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.58% of the company’s stock.

Triumph Financial Price Performance

Shares of NASDAQ:TFIN opened at $52.65 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 97.50 and a beta of 1.18. The business has a 50-day simple moving average of $58.35 and a two-hundred day simple moving average of $79.26. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $101.57 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Triumph Financial Company 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.