Peregrine Capital Management LLC Grows 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% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.77% of Triumph Financial worth $10,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after purchasing an additional 320 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Triumph Financial by 310.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 563 shares of the company's stock worth $51,000 after buying an additional 426 shares in the last quarter. NBC Securities Inc. boosted its position in Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after acquiring an additional 2,647 shares during the last quarter. Bank of Montreal Can acquired a new stake in Triumph Financial in the 4th quarter valued at about $219,000. Finally, Balyasny Asset Management L.P. purchased a new position in Triumph Financial in the 4th quarter worth approximately $237,000. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Trading Up 11.0%

Shares of TFIN traded up $6.06 during midday trading on Tuesday, hitting $61.17. 475,723 shares of the stock were exchanged, compared to its average volume of 177,623. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $1.43 billion, a P/E ratio of 165.32 and a beta of 1.29. Triumph Financial, Inc. has a 52-week low of $42.90 and a 52-week high of $110.58. The stock has a fifty day simple moving average of $56.94 and a 200 day simple moving average of $66.75.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced 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 firm had revenue of $101.57 million for the quarter, compared to analysts' expectations of $104.49 million. Triumph Financial had a net margin of 2.44% and a return on equity of 1.61%. During the same quarter last year, the business earned $0.14 earnings per share. On average, research analysts anticipate that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on TFIN. B. Riley restated a "neutral" rating and issued a $55.00 price target (down from $65.00) on shares of Triumph Financial in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price target on shares of 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, DA Davidson reduced their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $68.20.

Triumph Financial 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.