Legal & General Group Plc Buys New Shares in Triumph Financial, Inc. $TFIN

Legal & General Group Plc bought a new stake in Triumph Financial, Inc. (NYSE:TFIN) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 50,188 shares of the company’s stock, valued at approximately $3,829,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Triumph Financial during the second quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its position in shares of Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after buying an additional 195 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Triumph Financial during the fourth quarter worth $174,000. Finally, Howard Financial Services LTD. bought a new stake in Triumph Financial during the second quarter worth $229,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Insider Activity

In other news, EVP Edward Schreyer sold 2,900 shares of Triumph Financial stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $73.75, for a total transaction of $213,875.00. Following the transaction, the executive vice president directly owned 15,534 shares of the company’s stock, valued at $1,145,632.50. The trade was a 15.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Adam Nelson sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $79.05, for a total value of $296,437.50. Following the completion of the transaction, the executive vice president owned 23,755 shares of the company’s stock, valued at $1,877,832.75. The trade was a 13.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.51% of the stock is owned by company insiders.

Triumph Financial Stock Up 0.9%

Shares of NYSE:TFIN opened at $69.43 on Friday. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52. The stock has a fifty day simple moving average of $75.99 and a two-hundred day simple moving average of $68.50. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 46.91 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last issued its earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%.The business had revenue of $120.24 million for the quarter, compared to the consensus estimate of $114.67 million. On average, research analysts anticipate that Triumph Financial, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TFIN has been the topic of a number of analyst reports. Stephens lifted their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. DA Davidson upped their price objective on shares of Triumph Financial from $65.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. B. Riley Financial lifted their target price on shares of Triumph Financial from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Triumph Financial in a research note on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.00.

Triumph Financial Company 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.