KLP Kapitalforvaltning AS Makes New Investment in Triumph Financial, Inc. (NASDAQ:TFIN)

KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,900 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Triumph Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 195,532 shares of the company’s stock worth $15,553,000 after acquiring an additional 7,021 shares during the last quarter. Quantbot Technologies LP bought a new position in Triumph Financial in the 3rd quarter worth about $49,000. BNP Paribas Financial Markets grew its position in Triumph Financial by 77.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,080 shares of the company’s stock valued at $1,199,000 after purchasing an additional 6,601 shares during the last quarter. Verition Fund Management LLC increased its stake in Triumph Financial by 44.3% during the 3rd quarter. Verition Fund Management LLC now owns 3,853 shares of the company’s stock valued at $306,000 after purchasing an additional 1,182 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Triumph Financial by 17.1% during the 3rd quarter. HighTower Advisors LLC now owns 6,177 shares of the company’s stock valued at $491,000 after purchasing an additional 902 shares in the last quarter. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Up 0.1 %

NASDAQ TFIN opened at $51.53 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12 month low of $47.19 and a 12 month high of $110.58. The stock’s 50 day moving average is $67.12 and its 200 day moving average is $82.60. The stock has a market cap of $1.21 billion, a PE ratio of 95.43 and a beta of 1.22.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. Research analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TFIN shares. DA Davidson dropped their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Stephens restated an “equal weight” rating and set a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from $80.00 to $74.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $79.00.

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.