LMR Partners LLP Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

LMR Partners LLP acquired a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,826 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Triumph Financial by 122.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after buying an additional 259 shares during the last quarter. KBC Group NV increased its position in shares of Triumph Financial by 46.4% during the third quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after acquiring an additional 253 shares during the period. nVerses Capital LLC raised its holdings in shares of Triumph Financial by 200.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the company’s stock valued at $74,000 after acquiring an additional 600 shares in the last quarter. Profund Advisors LLC bought a new position in shares of Triumph Financial during the second quarter valued at approximately $209,000. Finally, Wallace Advisory Group LLC purchased a new position in shares of Triumph Financial in the 2nd quarter valued at $246,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Down 1.0 %

TFIN opened at $98.88 on Thursday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 126.77 and a beta of 1.18. The company has a fifty day moving average of $86.25 and a two-hundred day moving average of $82.34. 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, Inc. has a fifty-two week low of $66.61 and a fifty-two week high of $105.04.

Triumph Financial (NASDAQ:TFIN) last announced its earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $125.57 million during the quarter, compared to analysts’ expectations of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, research analysts expect that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

TFIN has been the subject of a number of analyst reports. B. Riley reissued a “neutral” rating and set a $65.00 target price on shares of Triumph Financial in a research report on Wednesday, October 2nd. DA Davidson raised their price objective on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.60.

About Triumph Financial

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.