Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV cut its holdings in Triumph Financial, Inc. (NASDAQ:TFIN) by 6.2% during the third quarter, HoldingsChannel reports. The fund owned 100,176 shares of the company’s stock after selling 6,647 shares during the period. Triumph Financial comprises 3.1% of Investment Management Associates Inc. ADV’s holdings, making the stock its 15th biggest position. Investment Management Associates Inc. ADV’s holdings in Triumph Financial were worth $7,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company’s stock valued at $507,000 after purchasing an additional 124 shares during the period. Callan Family Office LLC increased its position in shares of Triumph Financial by 1.1% during the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock worth $954,000 after acquiring an additional 126 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Triumph Financial by 0.8% during the first quarter. Texas Permanent School Fund Corp now owns 18,866 shares of the company’s stock worth $1,496,000 after acquiring an additional 153 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Triumph Financial by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $891,000 after acquiring an additional 200 shares during the period. Finally, Kings Path Partners LLC increased its position in shares of Triumph Financial by 2.4% during the third quarter. Kings Path Partners LLC now owns 9,125 shares of the company’s stock worth $726,000 after acquiring an additional 216 shares during the period. Hedge funds and other institutional investors own 91.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TFIN shares. Piper Sandler increased their target price on Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods lowered Triumph Financial from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $75.00 to $70.00 in a report on Friday, July 19th. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research note on Wednesday, October 2nd. Finally, Stephens restated an “equal weight” rating and issued a $74.00 price objective on shares of Triumph Financial in a research note on Thursday, July 18th. Two 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 has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Price Performance

Shares of TFIN opened at $100.08 on Tuesday. Triumph Financial, Inc. has a fifty-two week low of $64.05 and a fifty-two week high of $102.49. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 128.31 and a beta of 1.18. The firm has a 50-day simple moving average of $83.05 and a 200-day simple moving average of $80.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $125.57 million during the quarter, compared to analysts’ expectations of $106.29 million. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities research analysts anticipate that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Triumph Financial 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.