Y Intercept Hong Kong Ltd Makes New Investment in Triumph Financial, Inc. $TFIN

Y Intercept Hong Kong Ltd purchased a new position in Triumph Financial, Inc. (NASDAQ:TFIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,446 shares of the company’s stock, valued at approximately $823,000. Y Intercept Hong Kong Ltd owned about 0.07% of Triumph Financial as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TFIN. Creekmur Asset Management LLC purchased a new stake in shares of Triumph Financial in the second quarter worth $55,000. Tower Research Capital LLC TRC grew its position in Triumph Financial by 9.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock valued at $126,000 after purchasing an additional 195 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Triumph Financial in the second quarter worth approximately $206,000. Raymond James Financial Inc. bought a new position in shares of Triumph Financial in the second quarter worth approximately $230,000. Finally, Inceptionr LLC grew its holdings in shares of Triumph Financial by 4.2% during the second quarter. Inceptionr LLC now owns 4,747 shares of the company’s stock valued at $262,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Insider Transactions at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $65.18, for a total transaction of $195,540.00. Following the completion of the sale, the executive vice president directly owned 24,832 shares in the company, valued at $1,618,549.76. The trade was a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TFIN shares. B. Riley restated a “neutral” rating and issued a $70.00 price objective on shares of Triumph Financial in a report on Monday, January 12th. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a report on Thursday, January 29th. Stephens boosted their price target on Triumph Financial from $53.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods increased their price objective on Triumph Financial from $66.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Triumph Financial has a consensus rating of “Hold” and an average target price of $64.75.

Triumph Financial Price Performance

NASDAQ TFIN opened at $64.27 on Tuesday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 146.08 and a beta of 1.48. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $79.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average price is $63.79 and its 200-day moving average price is $58.58.

Triumph Financial Company Profile

Triumph Financial, Inc is a bank holding company headquartered in Dallas, Texas. Through its wholly owned subsidiary, Triumph Bank, the company delivers a broad range of commercial and retail banking services to businesses and individuals. Since its foundation, Triumph Financial has focused on building a community-oriented banking platform that emphasizes personalized service and local decision-making.

The company’s commercial banking offerings include deposit products, treasury management solutions, digital cash management, equipment financing, and commercial real estate lending.