Triumph Financial, Inc. (NASDAQ:TFIN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Triumph Financial, Inc. (NASDAQ:TFINFree Report) by 30.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,256 shares of the company’s stock after purchasing an additional 1,931 shares during the period. Victory Capital Management Inc.’s holdings in Triumph Financial were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in Triumph Financial in the 4th quarter valued at approximately $42,000. Allspring Global Investments Holdings LLC grew its stake in shares of Triumph Financial by 77.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,400 shares of the company’s stock worth $91,000 after acquiring an additional 610 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Triumph Financial in the third quarter valued at $200,000. Welch Group LLC purchased a new stake in shares of Triumph Financial in the fourth quarter valued at about $212,000. Finally, NBC Securities Inc. acquired a new position in shares of Triumph Financial during the third quarter worth about $221,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Performance

Triumph Financial stock opened at $73.71 on Friday. The firm’s 50 day simple moving average is $74.82 and its 200-day simple moving average is $74.26. The company has a market cap of $1.72 billion, a P/E ratio of 56.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. Triumph Financial, Inc. has a fifty-two week low of $50.86 and a fifty-two week high of $82.22.

Triumph Financial (NASDAQ:TFINGet Free Report) last released its earnings results on Wednesday, April 17th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Triumph Financial had a return on equity of 4.22% and a net margin of 7.16%. The firm had revenue of $101.03 million during the quarter, compared to analysts’ expectations of $106.01 million. As a group, equities research analysts predict that Triumph Financial, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

TFIN has been the topic of several research reports. Stephens lowered their price target on shares of Triumph Financial from $79.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 25th. Piper Sandler lowered shares of Triumph Financial from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $64.00 to $67.00 in a report on Monday, February 12th. Keefe, Bruyette & Woods raised their price target on shares of Triumph Financial from $61.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Finally, DA Davidson reduced their price target on shares of Triumph Financial from $73.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Triumph Financial currently has a consensus rating of “Hold” and an average target price of $65.40.

Get Our Latest Stock Report on TFIN

Insider Activity at Triumph Financial

In related news, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the transaction, the director now directly owns 351,484 shares of the company’s stock, valued at $24,997,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Carlos M. Sepulveda sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $71.12, for a total transaction of $1,137,920.00. Following the transaction, the director now directly owns 351,484 shares of the company’s stock, valued at $24,997,542.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd Ritterbusch sold 3,000 shares of Triumph Financial stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $74.07, for a total transaction of $222,210.00. Following the completion of the sale, the insider now owns 7,434 shares of the company’s stock, valued at $550,636.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,854 shares of company stock valued at $1,940,069. Corporate insiders own 6.15% of the company’s stock.

Triumph Financial Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Triumph Financial (NASDAQ:TFIN)

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