Invesco Ltd. Trims Position in Triumph Financial, Inc. (NASDAQ:TFIN)

Invesco Ltd. lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,925 shares of the company's stock after selling 6,506 shares during the period. Invesco Ltd. owned 0.23% of Triumph Financial worth $4,901,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Triumph Financial by 88.8% in the third 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. JPMorgan Chase & Co. increased its position in shares of Triumph Financial by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,238 shares of the company's stock worth $1,530,000 after purchasing an additional 536 shares during the last quarter. Mechanics Bank Trust Department bought a new stake in shares of Triumph Financial during the 4th quarter worth approximately $202,000. Janney Montgomery Scott LLC grew its stake in shares of Triumph Financial by 27.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,564 shares of the company's stock valued at $324,000 after buying an additional 767 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new position in Triumph Financial during the fourth quarter worth $215,000. Institutional investors and hedge funds own 91.11% of the company's stock.

Triumph Financial Trading Up 2.2 %

Shares of Triumph Financial stock traded up $1.19 on Thursday, hitting $54.61. The stock had a trading volume of 48,601 shares, compared to its average volume of 168,516. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 101.56 and a beta of 1.18. Triumph Financial, Inc. has a one year low of $42.90 and a one year high of $110.58. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock's 50-day simple moving average is $57.38 and its two-hundred day simple moving average is $78.75.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $104.49 million. Triumph Financial had a return on equity of 1.93% and a net margin of 3.30%. During the same quarter last year, the company posted $0.14 earnings per share. As a group, sell-side analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of Triumph Financial stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average price of $49.39 per share, with a total value of $74,480.12. Following the transaction, the director now directly owns 3,348 shares of the company's stock, valued at $165,357.72. This trade represents a 81.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Davis R. Deadman purchased 1,500 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the acquisition, the director now directly owns 10,220 shares of the company's stock, valued at approximately $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 ninety days, insiders bought 4,008 shares of company stock valued at $208,380. Insiders own 5.58% of the company's stock.

Analysts Set New Price Targets

TFIN has been the subject of several research analyst reports. DA Davidson reduced their target price on shares of 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 from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Stephens reaffirmed an "equal weight" rating and issued a $109.00 price objective on shares of Triumph Financial in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods reduced 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 report on Monday, April 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $68.20.

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.