Peregrine Capital Management LLC Trims Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Peregrine Capital Management LLC reduced its stake in Triumph Financial, Inc. (NASDAQ:TFIN) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 145,332 shares of the company’s stock after selling 13,215 shares during the period. Peregrine Capital Management LLC’s holdings in Triumph Financial were worth $13,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TFIN. Precision Wealth Strategies LLC increased its stake in Triumph Financial by 2.7% in the 4th quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company’s stock valued at $487,000 after buying an additional 141 shares during the period. Blue Trust Inc. raised its holdings in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company’s stock worth $61,000 after purchasing an additional 204 shares in the last quarter. KBC Group NV boosted its holdings in Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock valued at $63,000 after purchasing an additional 253 shares in the last quarter. Tectonic Advisors LLC increased its position in Triumph Financial by 2.1% during the 4th quarter. Tectonic Advisors LLC now owns 23,190 shares of the company’s stock worth $2,108,000 after purchasing an additional 474 shares during the period. Finally, Hodges Capital Management Inc. raised its stake in shares of Triumph Financial by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 104,335 shares of the company’s stock worth $8,299,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Down 0.8 %

TFIN stock opened at $72.57 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial, Inc. has a 12 month low of $66.85 and a 12 month high of $110.58. The firm has a market capitalization of $1.70 billion, a PE ratio of 134.39 and a beta of 1.22. The company’s 50 day simple moving average is $86.84 and its 200-day simple moving average is $87.30.

Triumph Financial (NASDAQ:TFIN) last released its 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%. Equities analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Triumph Financial

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the transaction, the chief executive officer now directly owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This trade represents a 8.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.15% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $80.00 price objective (down previously from $85.00) on shares of Triumph Financial in a report on Friday, January 24th. Stephens reiterated an “equal weight” rating and issued a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. Finally, DA Davidson decreased their price objective on shares of Triumph Financial from $100.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.20.

Triumph Financial Company Profile

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.