Rafferty Asset Management LLC Sells 7,000 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Rafferty Asset Management LLC lessened its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 22.3% in the 4th 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 0.10% of Triumph Financial worth $2,215,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Precision Wealth Strategies LLC grew its holdings in Triumph Financial by 2.7% during the fourth quarter. Precision Wealth Strategies LLC now owns 5,354 shares of the company's stock valued at $487,000 after purchasing an additional 141 shares during the period. Federated Hermes Inc. grew its holdings in Triumph Financial by 4.3% during the fourth quarter. Federated Hermes Inc. now owns 3,578 shares of the company's stock valued at $325,000 after purchasing an additional 147 shares during the period. Blue Trust Inc. grew its holdings in Triumph Financial by 43.4% during the fourth quarter. Blue Trust Inc. now owns 674 shares of the company's stock valued at $61,000 after purchasing an additional 204 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Triumph Financial by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company's stock valued at $1,120,000 after purchasing an additional 252 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Triumph Financial by 9.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,004 shares of the company's stock valued at $273,000 after purchasing an additional 270 shares during the period. Institutional investors own 91.11% of the company's stock.

Insider Activity at Triumph Financial

In other news, Director Debra A. Bradford purchased 1,508 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average cost of $49.39 per share, with a total value of $74,480.12. Following the completion of the purchase, the director now owns 3,348 shares in the company, valued at approximately $165,357.72. This represents a 81.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Harrison B. Barnes purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the purchase, the director now owns 21,565 shares of the company's stock, valued at $1,156,962.25. The trade was a 4.86% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,008 shares of company stock valued at $208,380. Insiders own 5.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TFIN shares. Stephens reissued an "equal weight" rating and set a $109.00 price target on shares of Triumph Financial in a report on Thursday, January 23rd. DA Davidson dropped their price objective on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. 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 research note on Monday, April 21st. Finally, B. Riley reaffirmed a "neutral" rating and issued a $55.00 price objective (down previously from $65.00) on shares of Triumph Financial in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $68.20.

Triumph Financial Stock Performance

NASDAQ TFIN opened at $61.68 on Tuesday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 114.22 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $55.68 and a 200-day moving average price of $75.94. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58.

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

About Triumph Financial

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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