Investment Management Associates Inc. ADV Raises Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

Investment Management Associates Inc. ADV increased its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 19.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,902 shares of the company's stock after buying an additional 18,665 shares during the quarter. Triumph Financial comprises 2.7% of Investment Management Associates Inc. ADV's holdings, making the stock its 14th largest position. Investment Management Associates Inc. ADV owned 0.49% of Triumph Financial worth $6,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Triumph Financial by 84.7% in the first 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 period. NBC Securities Inc. raised its position in Triumph Financial by 88,233.3% in the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock valued at $153,000 after purchasing an additional 2,647 shares during the period. Bank of Montreal Can purchased a new stake in Triumph Financial in the fourth quarter valued at $219,000. Balyasny Asset Management L.P. purchased a new stake in Triumph Financial in the fourth quarter valued at $237,000. Finally, Pictet Asset Management Holding SA raised its position in Triumph Financial by 9.9% in 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. Hedge funds and other institutional investors own 91.11% of the company's stock.

Triumph Financial Stock Down 2.0%

TFIN traded down $1.35 on Friday, hitting $64.55. 133,812 shares of the company were exchanged, compared to its average volume of 180,495. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 174.46 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. The firm has a 50-day moving average price of $58.98 and a two-hundred day moving average price of $65.27.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last released its earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $101.57 million for the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a return on equity of 1.61% and a net margin of 2.44%. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, equities analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. DA Davidson cut their price objective 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 issued a $55.00 price objective (down previously from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods cut their price objective 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 given a hold rating to the stock. Based on data from MarketBeat, Triumph Financial currently has a consensus rating of "Hold" and an average target price of $68.20.

Insider Transactions at Triumph Financial

In other news, Director Debra A. Bradford bought 1,508 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $49.39 per share, with a total value of $74,480.12. Following the transaction, the director directly owned 3,348 shares in the company, valued at $165,357.72. This trade represents a 81.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harrison B. Barnes bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average cost of $53.65 per share, with a total value of $53,650.00. Following the completion of the transaction, the director owned 21,565 shares in the company, valued at approximately $1,156,962.25. This trade represents a 4.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,008 shares of company stock valued at $208,380. 5.58% of the stock is currently owned by corporate insiders.

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.