Triumph Financial, Inc. (NASDAQ:TFIN) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC lessened its position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 22.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,378 shares of the company's stock after selling 7,000 shares during the period. Rafferty Asset Management LLC owned approximately 0.10% of Triumph Financial worth $2,215,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Triumph Financial by 88.8% during the third quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after buying an additional 24,144 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Triumph Financial by 2.9% in the third quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock valued at $1,530,000 after buying an additional 536 shares during the period. Mechanics Bank Trust Department bought a new stake in shares of Triumph Financial in the fourth quarter valued at $202,000. Janney Montgomery Scott LLC raised its stake in shares of Triumph Financial by 27.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,564 shares of the company's stock valued at $324,000 after buying an additional 767 shares during the period. Finally, Cottonwood Capital Advisors LLC bought a new stake in shares of Triumph Financial during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Stock Up 0.3%

TFIN stock traded up $0.15 on Friday, reaching $58.17. 162,225 shares of the company traded hands, compared to its average volume of 174,702. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.36 billion, a P/E ratio of 107.72 and a beta of 1.27. The firm has a fifty day simple moving average of $55.55 and a 200-day simple moving average of $75.00.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business had revenue of $101.57 million during the quarter, compared to the consensus estimate of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same period in the previous year, the business posted $0.14 EPS. Research analysts anticipate that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson decreased their price objective on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. B. Riley restated a "neutral" rating and set a $55.00 target price (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $68.20.

Insiders Place Their Bets

In related news, Director Harrison B. Barnes bought 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 21,565 shares of the company's stock, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Davis R. Deadman bought 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average price of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the transaction, the director now directly owns 10,220 shares of the company's stock, 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 quarter, insiders acquired 4,008 shares of company stock valued at $208,380. Corporate 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.