Envestnet Asset Management Inc. Sells 6,082 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Envestnet Asset Management Inc. trimmed its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,390 shares of the company's stock after selling 6,082 shares during the quarter. Envestnet Asset Management Inc. owned about 0.60% of Triumph Financial worth $8,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TFIN. Bank of America Corp DE boosted its position in shares of Triumph Financial by 478.3% in the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after acquiring an additional 289,955 shares during the period. American Century Companies Inc. boosted its position in shares of Triumph Financial by 34.0% in the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock valued at $71,086,000 after acquiring an additional 198,611 shares during the period. Norges Bank acquired a new position in Triumph Financial in the fourth quarter valued at about $6,151,000. Curi RMB Capital LLC raised its stake in Triumph Financial by 133.9% in the fourth quarter. Curi RMB Capital LLC now owns 72,022 shares of the company's stock valued at $6,545,000 after purchasing an additional 41,226 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Triumph Financial by 10,573.0% in the first quarter. GAMMA Investing LLC now owns 40,344 shares of the company's stock valued at $2,332,000 after purchasing an additional 39,966 shares in the last quarter. Institutional investors own 91.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. DA Davidson boosted their price target on Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price target (down previously from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods dropped their price target on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a research note on Monday, April 21st.

Triumph Financial Price Performance

NASDAQ TFIN traded up $0.01 during trading on Friday, hitting $63.09. 176,597 shares of the company's stock were exchanged, compared to its average volume of 331,459. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.50 billion, a PE ratio of 143.39 and a beta of 1.29. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The stock's 50 day moving average price is $59.86 and its two-hundred day moving average price is $63.38.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The company had revenue of $108.06 million for the quarter, compared to analysts' expectations of $105.85 million. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%. Research analysts expect that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling at Triumph Financial

In other news, Director Harrison B. Barnes purchased 1,000 shares of Triumph Financial stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the acquisition, the director owned 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.58% of the company's stock.

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.