Westwood Management Corp. has recently announced that it has increased stake in Triumph Financial Inc. (NASDAQ:TFIN) by 20.33%. After grabbing 1.02 million shares, the institutional investor is now in possession of 0.17 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.15% having worth around $49.69 million. Moreover, Thrivent Asset Management LLC increased its share by 0.31 million to have a control over 0.94 million shares. And Dimensional Fund Advisors LP raised its holdings to 3764.0 shares by acquiring 0.76 million shares or 3.11% of the stake.
Triumph Financial Inc. (TFIN) concluded trading on 01/18/23 at a closing price of $47.75, with 0.22 million shares of worth about $10.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.14% during that period and on Wednesday the price saw a loss of about -6.19%. Currently the company’s common shares owned by public are about 24.23M shares, out of which, 23.08M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the TFIN stock and their offered price forecasts bring an average price target of $61.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $68.00 and could fall to a lowest price of $50.00. The stock’s current price level is 22.77% above of average price target set by the analysts, while a rise to estimated low would result in gain of 4.5% for the stock. However, touching the estimated high of $68.00 would mean a gain of 29.78% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 65,538 shares in 37 of the transactions. In 7 selling transactions, insiders dumped 25,347 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Triumph Financial Inc. iShares Core S&P Small Cap ETF is currently holding 1.67 million shares of worth totaling $81.71 million. The company recently came selling 4870.0 shares which brought its stake up to 6.83% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 0.55 million shares, have now control over 2.23% of the stake in the company. It holds 0.0 shares of worth $26.71 million.
Triumph Financial Inc. (NASDAQ: TFIN) started trading at $50.76, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 50.76, or with a loss of -6.19%. Stock saw a price change of -5.54% in past 5 days and over the past one month there was a price change of -2.27%. Year-to-date (YTD), TFIN shares are showing a performance of -2.29% which decreased to -60.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $45.08 but also hit the highest price of $119.90 during that period. The average intraday trading volume for Triumph Financial Inc. shares is 221.90K. The stock is currently trading -3.57% below its 20-day simple moving average (SMA20), while that difference is down -11.17% for SMA50 and it goes to -24.25% lower than SMA200.
Westwood Management Corp. acquired 1.02 million shares of Triumph Financial Inc. having value of about $49.69 million. Data submitted at the U.S SEC by Westwood Management Corp. revealed that the firm now holds 0.17 million shares in the company valued at close to $8203641.0, or have control over 20.33% stake in the company. Triumph Financial Inc. (NASDAQ: TFIN) currently have 24.23M outstanding shares and institutions hold larger chunk of about 86.10% of that. Holding of mutual funds in the company is about 37.37% while other institutional holders and individual stake holders have control over 46.71% and 13.21% of the stake respectively.
The stock has a current market capitalization of $1.16B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 11.09, while it has posted earnings per share of $4.31 in the same period. Its PEG reads 0.92 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TFIN, volatility over the week remained 4.43% while standing at 3.80% over the month.
Stock’s fiscal year EPS is expected to rise by 71.70% while it is estimated to decrease by -33.19% in next year. EPS is likely to shrink at an annualized rate of 12.00% for next 5-years, compared to annual growth of 31.70% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Triumph Financial Inc. (TFIN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 6 Wall Street analysts, 1 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 15, 2022 offering an Underweight rating for the stock and assigned a target price range of between $60 and $50 to it.
