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

Envestnet Asset Management Inc. trimmed its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 4.2% during the first quarter, according to its most recent 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 period. Envestnet Asset Management Inc. owned approximately 0.60% of Triumph Financial worth $8,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TFIN. Principal Financial Group Inc. lifted its holdings in Triumph Financial by 2.5% in the first quarter. Principal Financial Group Inc. now owns 109,677 shares of the company's stock valued at $6,339,000 after acquiring an additional 2,666 shares during the period. Sippican Capital Advisors raised its holdings in shares of Triumph Financial by 5.2% during the first quarter. Sippican Capital Advisors now owns 42,111 shares of the company's stock valued at $2,434,000 after acquiring an additional 2,063 shares during the last quarter. Peregrine Capital Management LLC raised its stake in Triumph Financial by 24.8% in the first quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock valued at $10,480,000 after buying an additional 35,990 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Triumph Financial by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,809 shares of the company's stock valued at $740,000 after purchasing an additional 483 shares in the last quarter. Finally, Precision Wealth Strategies LLC raised its holdings in Triumph Financial by 9.7% in the 1st quarter. Precision Wealth Strategies LLC now owns 5,871 shares of the company's stock valued at $339,000 after acquiring an additional 517 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Triumph Financial Price Performance

TFIN opened at $61.88 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.47 billion, a P/E ratio of 167.24 and a beta of 1.29. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a fifty day moving average of $59.66 and a 200-day moving average of $63.90.

Insider Buying and Selling

In other news, Director Debra A. Bradford purchased 1,508 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $49.39 per share, for a total transaction of $74,480.12. Following the completion of the acquisition, the director owned 3,348 shares in the company, valued at $165,357.72. This trade represents a 81.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Davis R. Deadman acquired 1,500 shares of the business's stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $53.50 per share, with a total value of $80,250.00. Following the purchase, the director directly owned 10,220 shares in the company, valued at $546,770. This represents a 17.20% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 4,008 shares of company stock valued at $208,380. Company insiders own 5.58% of the company's stock.

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.

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