Triumph Financial, Inc. $TFIN Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in Triumph Financial, Inc. (NYSE:TFIN) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,922 shares of the company’s stock after selling 17,686 shares during the quarter. Peregrine Capital Management LLC’s holdings in Triumph Financial were worth $10,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of Triumph Financial by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,494 shares of the company’s stock worth $719,000 after buying an additional 148 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock worth $31,000 after acquiring an additional 155 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Triumph Financial by 9.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Triumph Financial by 66.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 522 shares of the company’s stock valued at $26,000 after acquiring an additional 209 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Triumph Financial by 6.2% during the 3rd quarter. Entropy Technologies LP now owns 5,100 shares of the company’s stock valued at $255,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Triumph Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Finally, DA Davidson reissued a “neutral” rating and set a $60.00 price objective on shares of Triumph Financial in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Triumph Financial presently has a consensus rating of “Hold” and a consensus price target of $64.75.

Insider Activity at Triumph Financial

In other Triumph Financial news, insider Todd Ritterbusch acquired 7,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $67.01 per share, for a total transaction of $469,070.00. Following the completion of the transaction, the insider owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president directly owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 5.51% of the company’s stock.

Triumph Financial Stock Performance

NYSE:TFIN opened at $76.36 on Wednesday. The company’s 50-day moving average is $69.51 and its two-hundred day moving average is $65.08. Triumph Financial, Inc. has a 1-year low of $46.43 and a 1-year high of $77.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 64.17 and a beta of 1.39.

Triumph Financial (NYSE:TFIN) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $105.80 million during the quarter, compared to the consensus estimate of $106.88 million. Triumph Financial had a net margin of 6.07% and a return on equity of 3.97%. Analysts forecast that Triumph Financial, Inc. will post 1.76 EPS for the current year.

Triumph Financial Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.