Peregrine Capital Management LLC Grows Stock Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Peregrine Capital Management LLC raised its position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 24.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,322 shares of the company's stock after acquiring an additional 35,990 shares during the quarter. Peregrine Capital Management LLC owned about 0.77% of Triumph Financial worth $10,480,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Triumph Financial by 310.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock valued at $51,000 after buying an additional 426 shares during the period. NBC Securities Inc. increased its position in Triumph Financial by 88,233.3% in the 1st quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after buying an additional 2,647 shares in the last quarter. Bank of Montreal Can acquired a new position in Triumph Financial during the 4th quarter worth approximately $219,000. Finally, Balyasny Asset Management L.P. acquired a new position in Triumph Financial during the 4th quarter worth approximately $237,000. Institutional investors own 91.11% of the company's stock.

Insiders Place Their Bets

In other Triumph Financial news, Director Davis R. Deadman purchased 1,500 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director owned 10,220 shares of the company's stock, valued at $546,770. The trade was a 17.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harrison B. Barnes purchased 1,000 shares of Triumph Financial stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $53.65 per share, with a total value of $53,650.00. Following the transaction, the director owned 21,565 shares of the company's stock, valued at $1,156,962.25. This trade represents a 4.86% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 4,008 shares of company stock valued at $208,380. Corporate insiders own 5.58% of the company's stock.

Analyst Upgrades and Downgrades

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

Triumph Financial Stock Up 1.3%

Shares of NASDAQ:TFIN traded up $0.83 during mid-day trading on Thursday, hitting $63.67. 162,420 shares of the company traded hands, compared to its average volume of 178,273. The stock has a 50-day moving average price of $57.46 and a two-hundred day moving average price of $66.68. 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 $1.49 billion, a P/E ratio of 172.08 and a beta of 1.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted 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). The firm 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 1.61% and a net margin of 2.44%. During the same quarter in the previous year, the company earned $0.14 EPS. On average, equities research analysts forecast that Triumph Financial, Inc. will post 1.08 earnings per share 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.