Louisiana State Employees Retirement System Decreases Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Louisiana State Employees Retirement System reduced its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,600 shares of the company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Triumph Financial were worth $843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in Triumph Financial by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after acquiring an additional 124 shares during the period. Callan Family Office LLC increased its position in shares of Triumph Financial by 1.1% during the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after purchasing an additional 126 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Triumph Financial by 0.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after purchasing an additional 153 shares during the last quarter. Kings Path Partners LLC grew its position in Triumph Financial by 2.4% in the 3rd quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock valued at $726,000 after acquiring an additional 216 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Triumph Financial by 122.7% during the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $38,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $87.01 on Tuesday. The business’s 50-day simple moving average is $82.13 and its 200-day simple moving average is $80.10. The firm has a market capitalization of $2.03 billion, a P/E ratio of 111.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. Triumph Financial, Inc. has a 1-year low of $64.05 and a 1-year high of $95.46.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. The company had revenue of $125.57 million for the quarter, compared to the consensus estimate of $106.29 million. During the same period in the previous year, the business earned $0.51 EPS. Equities analysts predict that Triumph Financial, Inc. will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler boosted their target price on Triumph Financial from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, July 19th. Stephens reiterated an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research report on Thursday, July 18th. DA Davidson raised their price target on Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. B. Riley reiterated a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods cut Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $75.00 to $70.00 in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.60.

About Triumph Financial

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.