Sei Investments Co. Cuts Holdings in Triumph Financial, Inc. $TFIN

Sei Investments Co. trimmed its position in Triumph Financial, Inc. (NYSE:TFIN) by 10.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 97,815 shares of the company’s stock after selling 12,015 shares during the period. Sei Investments Co. owned about 0.41% of Triumph Financial worth $5,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TFIN. Cetera Investment Advisers boosted its stake in shares of Triumph Financial by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 14,423 shares of the company’s stock worth $860,000 after buying an additional 652 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Triumph Financial by 31.1% during the first quarter. WCM Investment Management LLC now owns 117,512 shares of the company’s stock worth $6,645,000 after acquiring an additional 27,852 shares during the period. Investment Management Associates Inc. ADV lifted its holdings in Triumph Financial by 4.1% during the first quarter. Investment Management Associates Inc. ADV now owns 354,002 shares of the company’s stock worth $21,120,000 after acquiring an additional 13,841 shares during the period. Dimensional Fund Advisors LP boosted its position in Triumph Financial by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 832,146 shares of the company’s stock worth $49,641,000 after purchasing an additional 3,530 shares during the last quarter. Finally, KBC Group NV boosted its position in Triumph Financial by 3,946.8% in the first quarter. KBC Group NV now owns 33,224 shares of the company’s stock worth $1,982,000 after purchasing an additional 32,403 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Triumph Financial Stock Performance

NYSE:TFIN opened at $79.81 on Wednesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 53.93 and a beta of 1.39. The business has a fifty day simple moving average of $75.39 and a two-hundred day simple moving average of $67.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. Triumph Financial, Inc. has a 1 year low of $46.43 and a 1 year high of $83.52.

Triumph Financial (NYSE:TFIN) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $120.24 million for the quarter, compared to analysts’ expectations of $114.67 million. Triumph Financial had a return on equity of 4.69% and a net margin of 7.17%. On average, analysts expect that Triumph Financial, Inc. will post 1.93 earnings per share for the current year.

Insider Transactions at Triumph Financial

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TFIN. Zacks Research lowered Triumph Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their price target on shares of Triumph Financial from $78.00 to $88.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. DA Davidson increased their price target on shares of Triumph Financial from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Stephens raised their price objective on shares of Triumph Financial from $82.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Triumph Financial in a research report on Tuesday, May 12th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.00.

About Triumph Financial

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.