SG Americas Securities LLC Buys 86,454 Shares of Triumph Financial, Inc. $TFIN

SG Americas Securities LLC grew its stake in shares of Triumph Financial, Inc. (NYSE:TFIN) by 1,217.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 93,553 shares of the company’s stock after buying an additional 86,454 shares during the period. SG Americas Securities LLC’s holdings in Triumph Financial were worth $5,859,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp grew its position in Triumph Financial by 85.4% during the third quarter. Fifth Third Bancorp now owns 497 shares of the company’s stock worth $25,000 after buying an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Triumph Financial by 66.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after acquiring an additional 209 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Triumph Financial in the 3rd quarter worth approximately $56,000. PNC Financial Services Group Inc. lifted its position in shares of Triumph Financial by 28.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,342 shares of the company’s stock worth $117,000 after acquiring an additional 514 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TFIN. DA Davidson reissued a “neutral” rating and issued a $60.00 price target on shares of Triumph Financial in a report on Thursday, January 29th. B. Riley Financial reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Triumph Financial in a report on Monday, January 12th. Keefe, Bruyette & Woods lifted their target price on shares of Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Triumph Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research lowered shares of Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.75.

Triumph Financial Price Performance

Shares of NYSE:TFIN opened at $59.76 on Wednesday. The company has a fifty day moving average of $61.37. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $77.84. The company has a market capitalization of $1.42 billion, a PE ratio of 64.26 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings data on Monday, January 26th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.48. Triumph Financial had a return on equity of 3.49% and a net margin of 4.89%.The company had revenue of $105.19 million during the quarter, compared to analysts’ expectations of $111.21 million.

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.