Legato Capital Management LLC boosted its holdings in Triumph Financial, Inc. (NYSE:TFIN – Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,714 shares of the company’s stock after buying an additional 23,691 shares during the period. Triumph Financial makes up 0.7% of Legato Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. Legato Capital Management LLC owned approximately 0.56% of Triumph Financial worth $8,312,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of TFIN. Diamond Hill Capital Management Inc. grew its stake in Triumph Financial by 132.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 361,953 shares of the company’s stock valued at $18,112,000 after buying an additional 206,010 shares in the last quarter. Investment Management Associates Inc. ADV grew its stake in Triumph Financial by 34.2% in the 4th quarter. Investment Management Associates Inc. ADV now owns 340,161 shares of the company’s stock valued at $21,304,000 after buying an additional 86,761 shares in the last quarter. SG Americas Securities LLC grew its stake in Triumph Financial by 1,217.8% in the 4th quarter. SG Americas Securities LLC now owns 93,553 shares of the company’s stock valued at $5,859,000 after buying an additional 86,454 shares in the last quarter. Bank of America Corp DE boosted its holdings in Triumph Financial by 20.3% in the 2nd quarter. Bank of America Corp DE now owns 459,109 shares of the company’s stock valued at $25,301,000 after purchasing an additional 77,390 shares during the period. Finally, Eight 31 Financial LLC boosted its holdings in Triumph Financial by 239.2% in the 3rd quarter. Eight 31 Financial LLC now owns 89,525 shares of the company’s stock valued at $4,480,000 after purchasing an additional 63,132 shares during the period. 91.11% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Todd Ritterbusch acquired 7,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $67.01 per share, with a total value of $469,070.00. Following the acquisition, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.51% of the company’s stock.
Triumph Financial Price Performance
Triumph Financial (NYSE:TFIN – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. The firm had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Equities research analysts expect that Triumph Financial, Inc. will post 1.9 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research downgraded shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods raised their price target on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Finally, DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, Triumph Financial has an average rating of “Hold” and an average price target of $64.75.
Get Our Latest Analysis on Triumph Financial
About Triumph Financial
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.
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