7,004 Shares in Triumph Financial, Inc. (NASDAQ:TFIN) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC acquired a new stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,004 shares of the company's stock, valued at approximately $637,000.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Triumph Financial during the 4th quarter valued at about $219,000. JPMorgan Chase & Co. increased its stake in shares of Triumph Financial by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock valued at $1,530,000 after purchasing an additional 536 shares in the last quarter. US Bancorp DE increased its stake in shares of Triumph Financial by 2.5% in the 4th quarter. US Bancorp DE now owns 13,425 shares of the company's stock valued at $1,220,000 after purchasing an additional 322 shares in the last quarter. Barclays PLC increased its stake in shares of Triumph Financial by 88.8% in the 3rd quarter. Barclays PLC now owns 51,325 shares of the company's stock valued at $4,082,000 after purchasing an additional 24,144 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Financial in the 4th quarter valued at about $445,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Trading Down 5.8%

Shares of TFIN stock traded down $3.56 during trading on Wednesday, hitting $58.30. 191,042 shares of the stock traded hands, compared to its average volume of 174,022. The firm has a market capitalization of $1.37 billion, a P/E ratio of 107.96 and a beta of 1.27. 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 firm's fifty day moving average price is $55.66 and its 200-day moving average price is $75.72. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its quarterly 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). Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. The firm had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. During the same quarter last year, the company earned $0.14 earnings per share. As a group, research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TFIN has been the subject of several recent analyst reports. DA Davidson cut their price target 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. Stephens reiterated an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a report on Thursday, January 23rd. B. Riley reiterated a "neutral" rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $68.20.

Insiders Place Their Bets

In related news, Director Harrison B. Barnes acquired 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $53.65 per share, with a total value of $53,650.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Davis R. Deadman bought 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average price of $53.50 per share, with a total value of $80,250.00. Following the purchase, the director now owns 10,220 shares of the company's stock, valued at approximately $546,770. This represents a 17.20% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 4,008 shares of company stock worth $208,380 over the last ninety days. Corporate insiders own 5.58% of the company's stock.

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.