Mesirow Financial Investment Management Inc. Lowers Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 17.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,890 shares of the company’s stock after selling 602 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Triumph Financial were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased 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 acquiring an additional 259 shares during the last quarter. nVerses Capital LLC lifted its holdings in Triumph Financial by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after buying an additional 600 shares during the last quarter. Profund Advisors LLC acquired a new position in shares of Triumph Financial in the 2nd quarter worth approximately $209,000. Wallace Advisory Group LLC bought a new stake in shares of Triumph Financial in the 2nd quarter valued at approximately $246,000. Finally, Federated Hermes Inc. lifted its stake in Triumph Financial by 8.1% during the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock worth $286,000 after purchasing an additional 264 shares during the last quarter. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Trading Up 3.0 %

Shares of TFIN stock opened at $103.08 on Wednesday. The stock has a 50-day simple moving average of $83.37 and a 200 day simple moving average of $81.00. The stock has a market capitalization of $2.41 billion, a P/E ratio of 128.31 and a beta of 1.18. Triumph Financial, Inc. has a fifty-two week low of $64.05 and a fifty-two week high of $103.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05.

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

Analysts Set New Price Targets

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

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.