Sovereign s Capital Management LLC Invests $637,000 in Triumph Financial, Inc. (NASDAQ:TFIN)

Sovereign s Capital Management LLC acquired a new position in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,004 shares of the company's stock, valued at approximately $637,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Triumph Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock worth $184,252,000 after acquiring an additional 24,868 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Triumph Financial by 1.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock worth $106,840,000 after acquiring an additional 19,286 shares during the period. American Century Companies Inc. grew its holdings in shares of Triumph Financial by 34.0% during the 4th quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock worth $71,086,000 after acquiring an additional 198,611 shares during the period. Bank of America Corp DE grew its holdings in shares of Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after acquiring an additional 289,955 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Triumph Financial by 7.6% during the 4th quarter. Northern Trust Corp now owns 227,875 shares of the company's stock worth $20,709,000 after acquiring an additional 16,061 shares during the period. 91.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

TFIN has been the topic of a number of research analyst reports. DA Davidson reduced their target price on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. B. Riley reiterated a "neutral" rating and set a $55.00 target price (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods lowered 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 report on Monday, April 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $68.20.

Insider Activity

In other news, Director Harrison B. Barnes purchased 1,000 shares of Triumph Financial stock in a transaction that occurred on Tuesday, April 29th. The stock was bought 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 directly owns 21,565 shares of the company's stock, valued at approximately $1,156,962.25. The trade was a 4.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Davis R. Deadman bought 1,500 shares of the business's stock in a transaction on Friday, April 25th. The stock was bought at an average cost of $53.50 per share, with a total value of $80,250.00. Following the transaction, the director now owns 10,220 shares in the company, valued at $546,770. This trade represents a 17.20% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 4,008 shares of company stock worth $208,380. Insiders own 5.58% of the company's stock.

Triumph Financial Stock Up 0.3%

Shares of TFIN stock traded up $0.15 during trading hours on Friday, hitting $58.17. 162,225 shares of the company's stock traded hands, compared to its average volume of 174,282. The stock's fifty day simple moving average is $55.55 and its two-hundred day simple moving average is $75.31. Triumph Financial, Inc. has a 12-month low of $42.90 and a 12-month high of $110.58. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 107.72 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.

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