Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by State Street Corp

State Street Corp cut its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,178,479 shares of the company’s stock after selling 29,286 shares during the period. State Street Corp owned about 0.05% of Triumph Financial worth $93,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TFIN. Louisiana State Employees Retirement System lifted its position in Triumph Financial by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $891,000 after purchasing an additional 200 shares during the period. Callan Family Office LLC lifted its position in Triumph Financial by 1.1% during the second quarter. Callan Family Office LLC now owns 11,667 shares of the company’s stock valued at $954,000 after purchasing an additional 126 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Triumph Financial by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,787 shares of the company’s stock valued at $473,000 after purchasing an additional 444 shares during the period. Peregrine Capital Management LLC raised its position in shares of Triumph Financial by 1.3% in the second quarter. Peregrine Capital Management LLC now owns 158,196 shares of the company’s stock worth $12,933,000 after acquiring an additional 2,060 shares during the period. Finally, Kings Path Partners LLC acquired a new position in shares of Triumph Financial in the second quarter worth about $728,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Triumph Financial

In related news, CEO Aaron P. Graft sold 13,500 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TFIN. DA Davidson upped their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. B. Riley reiterated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Stock Up 1.1 %

TFIN stock opened at $99.74 on Tuesday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 127.87 and a beta of 1.21. The firm has a 50-day simple moving average of $95.30 and a 200-day simple moving average of $86.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 52 week low of $66.85 and a 52 week high of $110.58.

Triumph Financial (NASDAQ:TFIN) last released its earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business 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 quarter in the previous year, the company earned $0.51 earnings per share. Equities analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current fiscal 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.