Pictet Asset Management Holding SA Has $273,000 Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Pictet Asset Management Holding SA increased its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,004 shares of the company’s stock after acquiring an additional 270 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Triumph Financial were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TFIN. Smartleaf Asset Management LLC lifted its position in shares of Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company’s stock worth $51,000 after purchasing an additional 426 shares during the period. Blue Trust Inc. raised its stake in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after buying an additional 204 shares during the last quarter. KBC Group NV lifted its holdings in Triumph Financial by 51.9% in the fourth quarter. KBC Group NV now owns 1,212 shares of the company’s stock valued at $110,000 after buying an additional 414 shares during the period. Mechanics Bank Trust Department bought a new stake in Triumph Financial during the fourth quarter valued at $202,000. Finally, Cottonwood Capital Advisors LLC acquired a new stake in Triumph Financial during the 4th quarter worth about $215,000. 91.11% of the stock is currently owned by institutional investors.

Triumph Financial Stock Down 7.8 %

TFIN stock opened at $49.39 on Friday. The stock’s 50 day simple moving average is $63.96 and its 200 day simple moving average is $81.30. The company has a market cap of $1.16 billion, a P/E ratio of 91.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. Triumph Financial, Inc. has a fifty-two week low of $46.81 and a fifty-two week high of $110.58.

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%. On average, research analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TFIN. 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 note on Tuesday, January 28th. Stephens reissued an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Triumph Financial from an “underperform” rating to a “market perform” rating and cut their price target for the stock from $80.00 to $74.00 in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.00.

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.