Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 16.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,009 shares of the company’s stock after selling 64,378 shares during the quarter. Wellington Management Group LLP owned 1.39% of Triumph Financial worth $29,628,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Precision Wealth Strategies LLC boosted its stake in shares of Triumph Financial by 2.7% in the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after purchasing an additional 141 shares during the period. Blue Trust Inc. lifted its holdings in Triumph Financial by 43.4% during the 4th quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after buying an additional 204 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Triumph Financial by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company’s stock valued at $1,120,000 after buying an additional 252 shares during the period. Pictet Asset Management Holding SA boosted its position in Triumph Financial by 9.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company’s stock valued at $273,000 after buying an additional 270 shares during the period. Finally, US Bancorp DE grew its stake in shares of Triumph Financial by 2.5% in the fourth quarter. US Bancorp DE now owns 13,425 shares of the company’s stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

Triumph Financial Stock Up 0.1 %

Shares of NASDAQ TFIN opened at $51.53 on Monday. Triumph Financial, Inc. has a 1 year low of $40.50 and a 1 year high of $110.58. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 95.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $67.12 and a two-hundred day moving average of $82.60.

Triumph Financial (NASDAQ:TFIN) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.10). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. On average, analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TFIN shares. Stephens reiterated an “equal weight” rating and issued a $109.00 target price on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson decreased their price objective on Triumph Financial from $100.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods upgraded shares of Triumph Financial from an “underperform” rating to a “market perform” rating and cut their target price for the stock from $80.00 to $74.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Triumph Financial currently has a consensus rating of “Hold” and an average 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.