Daiwa Securities Group Inc. Has $2.51 Million Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Daiwa Securities Group Inc. lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 10.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 31,569 shares of the company’s stock after selling 3,600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Triumph Financial were worth $2,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Triumph Financial by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,974,578 shares of the company’s stock worth $156,624,000 after acquiring an additional 11,722 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Triumph Financial by 5.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,997 shares of the company’s stock valued at $2,452,000 after purchasing an additional 1,669 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Triumph Financial by 7.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,975 shares of the company’s stock valued at $950,000 after purchasing an additional 807 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Triumph Financial by 95.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 7,283 shares of the company’s stock worth $578,000 after buying an additional 3,563 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in shares of Triumph Financial during the 2nd quarter worth about $720,000. Institutional investors own 91.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TFIN shares. B. Riley reissued a “neutral” rating and issued a $65.00 price target on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson increased their target price on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.60.

Triumph Financial Trading Down 0.4 %

Shares of TFIN stock opened at $108.38 on Thursday. The stock has a market cap of $2.54 billion, a P/E ratio of 138.95 and a beta of 1.18. Triumph Financial, Inc. has a 1 year low of $66.61 and a 1 year high of $110.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a 50 day simple moving average of $88.77 and a 200 day simple moving average of $83.51.

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

Triumph Financial Profile

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.