Corebridge Financial Inc. Has $1.07 Million Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Corebridge Financial Inc. lessened its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,761 shares of the company’s stock after selling 919 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Triumph Financial worth $1,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Triumph Financial by 310.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after acquiring an additional 426 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Triumph Financial during the 3rd quarter worth approximately $49,000. Blue Trust Inc. boosted its stake in Triumph Financial by 43.4% in the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock valued at $61,000 after purchasing an additional 204 shares during the period. KBC Group NV grew its holdings in Triumph Financial by 51.9% in the 4th quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after buying an additional 414 shares in the last quarter. Finally, Mechanics Bank Trust Department bought a new position in Triumph Financial during the 4th quarter worth $202,000. Institutional investors own 91.11% of the company’s stock.

Triumph Financial Price Performance

TFIN stock opened at $51.53 on Friday. The company’s 50-day moving average price is $67.12 and its two-hundred day moving average price is $82.60. The firm has a market cap of $1.21 billion, a P/E ratio of 95.43 and a beta of 1.22. The company has a quick ratio of 0.98, a current 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.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Stephens reissued an “equal weight” rating and issued a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised shares of Triumph Financial from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.00.

Triumph Financial Company 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.